Advice on smartshares

[Benny1]

Hey Benny1, if you look at the depth of FNZ as at 11.28AM you will see on the bid a buyer for 75,000 shares at 2.21 and a buyer for 100,000 shares at 220.5.
On the sell side you see a seller of 75,000 shares at 222.2 and a seller of 100,000 shares at 222.7.
These are your market makers. No problems with liquidity ever.

Cool...thanks for that blackap...i didn't think about the marketmaker making their profit from the spread,makes sense now.I take it that they are normally brokage firms that act as the marketmaker?

[blackcap]

Cool...thanks for that blackap...i didn't think about the marketmaker making their profit from the spread,makes sense now.I take it that they are normally brokage firms that act as the marketmaker?

Yes I think it is...don't quote me on that but its normally an institution, be it a broker or not. It could even be Smartshares themselves but I did ask once (give them a call on the 0800 number) and they said they outsourced it.