Quote from Grant:
Rosy,
What is hard for me to comprehend is the apparent ease with which you can do this.
I am totally ignorant of the mechanics of, and requirements for, quoting on Globex.
But from what you say, it seems anyone can (legitemately?) act as mm. That is what I have difficulty with.
Grant.
now that everything is electronic and the trading floor is effectively dead anyone can act as a marketmaker to a point. I don't know the legalities.
If you have a trading account at any firm and post the best bid for an option then everyone in the world can see your bid on their screen. Very simple.