Recent content by danofthebes

Thanks....I was thinking it had to do with MM and their books, but I see it all daylong during regular trading hours. They even come and go like regular Bids/asks. Guess I'll have to ask a MM what the specific use is.

Ok - just started using L2 with Totalview. What is the purpose of the extremely high asks and extremely low bids that appear on L2. e.g. on a $5.00 stock there may be 10 or so one cent bids, generally, but not always for 100 shares. Conversely, there are 10 or so 100 share asks for $199,999.99...