Hello,
who makes the bid and ask price for stocks? Is it the broker like in forex or a centralized stock exchange? Are their multiple stock exchanges, which do have different bid/ask prices, or only one institution that defines what the spread for stocks are?
I guess, what I want to know is: Does my brokers need to take a ceratin quotes(bid/ask/last-prices), or can he choose from various sources (or can he make the prices himself...)?
Thanks a lot!
-mike
who makes the bid and ask price for stocks? Is it the broker like in forex or a centralized stock exchange? Are their multiple stock exchanges, which do have different bid/ask prices, or only one institution that defines what the spread for stocks are?
I guess, what I want to know is: Does my brokers need to take a ceratin quotes(bid/ask/last-prices), or can he choose from various sources (or can he make the prices himself...)?
Thanks a lot!
-mike
I'm getting there ... slowly