Posted:
#1
Anyone else sick and tired of Specialists ruining the market by their "legal" market making powers.
Today, UMC is trading at 2.52 for the last few minutes and then at exactly 4:00:01 a trade goes through by a specialist at 2.28.
How the f*ck do they constantly get away with this crap. Their responsibility is to ensure liquidity in the market place. UMC had nearly 3 million shares trade in the last 1hr...what liquidity was needed?
I had "end of day market orders by firms" and I hate the specialists get away with murder on a daily basis.
...and they ask why guys like me won't put their money into the markets. #1 reason - it isn't ethical.
....ok, I've vented.
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