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LEVEL 2 - How does it work?
The importance of liquidity
Spotting the AX
List of Market makers
Premarket trading
Unusual prices in the T&S window
NASDAQ order routing systems
Move on to section 9
"Money management"
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List of Market makers

 

Here is a list of the main market makers out there

 

• BEST Bear Stems

 

• BTSC BT. Alex Brown

 

• CANT Cantor Fitzgerald

 

• COWN Cowen & Co.

 

• DLJP Donaldson, Lufkin & Jenrette

 

• DMGL Deutshe Morgan Grenfell

 

• FBCO Crιdit Suisse/First Boston

 

• GRUN Gruntal & Co.

 

• GSCO Goldman Sachs

 

• HMQT Hembrect & Quist

 

• HRZG Herzog, Heine, Geuld

 

• JBOC J B Oxford & Co.

 

• JPMS J.P. Morgan Securities

 

• LEHM Lehman Brothers

 

• MASH Mayer Schweitzer

 

• MLCO Merrill Lynch

 

• MONT Montgomery SecurIties

 

• MSCO Morgan Stanley

 

• NEED Needham & Co.

 

• OPCO CIBC Oppenheimer

 

• PRUS Prudential Securities

 

• PWJC Paine Webber

 

• RSSF Robertson Stephens

 

• SBSH Salomon Smξth Barney

 

• SHON Schonfeld Securities

 

• SILK Spear, Leeds & Kellogg

 

• SNDV Soundview Financial

 

• SWCO Schroder Wertheim & Co

 

• TSCO Troster Singer Corp.

 

• TUCK Tucker Anthony

 

• UBSS UBS Securities

 

Now here is the list of Canadian market makers in case you want to play the Canadian market like I do ( especially the penny stocks ;-)

 






 

Of course you don’t need to know any of these by heart but it’s nice to know who they are because it can help explain why a broker is an “AX”…

 

For example: Broker #33 has been selling for days and after some digging you realize they financed X millions and received X millions of warrants which have just been released.

 

Doesn't change the fact they're selling but at least you know why...

 

OK now , let's change gears and move on to the premarket trading