bosley
- 20 Feb 2004 09:34
greekman
- 07 Mar 2007 19:19
- 23839 of 27111
Re books with automated trades.
For every buy there is a sell, and every sell a buy.
Someone owns them, etc.
All comments although factual, tell less than half the story.
It is the delays from buy/sell sell/buy, that matter, and the sp movement during that delay.
There are very often a large majority of shares floating round in the system. The less floating, often is the difference between, liquid and illiquid shares, IE brokers and to a less extent the mm's holding a certain percentage of shares.
So yes for every buy there will be a sale and visa versa, but not at the same time, otherwise the market freezes in that share, IE illiquid.
But if there is a large trade, buy or sell with a then large gap between the opposite trade, again this would signify an illiquid share.
The statement of the 6,000,000 being a sell (see WT trade of yesterday) is only an indication from the average price of the day.
Only those involved in the deal, either and the broker and mm's through which the deal was done, or if already being held by the broker, only that broker are fully privy to whether it was a buy or sell.
The above is my take (for what it is worth) on the auto trade order book.
minordetail
- 07 Mar 2007 21:10
- 23840 of 27111
a "red letter day" is a any day of special significance.
Some trivia in Aladdin's "A Whole New World" the princess says, "every moment red-letter" not "every moment gets better".
EWRobson
- 07 Mar 2007 23:28
- 23841 of 27111
Thanks, greekman. I have assumed that the trade is automated in the sense that it is effectively a computer match: e.g. a potential buyer sees shares at a price on a computer file and says I'll have those. If that is the case, how does the manager of the trading operation get his cut? Have you looked at the SEO trading today? - the comments above were about regular 'buys' of a random of shares between an upper and lower limit; then five blocks of shares with exactly the same time, this time at 10 minute intervals. All this being done without any seeming effect on the quoted price - if they had been an 'O' transaction there would have been a considerable movement in the sp.
Thanks in anticipation, Eric
greekman
- 08 Mar 2007 07:21
- 23842 of 27111
Morning Eric and all,
I agree that if these trades had been O trades it probably would effect the sp more than @ trades. It always depends on that usual market force of supply and demand.
I understand anyone can apply for access to place shares via the order book as a buy or sell, but I have no idea how as I don't trade that way.
If you place an order at a set price or as a max/min through your broker, that broker will sometimes club your request (if small) with others on the order book.
So as you say when that price is matched, deal done.
As to the trading operators cut, I admit to having no idea, if placed by a none intermediary, IE direct.
But if it was via a broker, it would be the usual dealing fee, commission.
As said previously, that is how I understand the system.
Having never worked in the Financial Share world, I can only go by my study via books on the subject.
I would appreciate (if not going too far of thread subject) a brief explanation re the auto book trade from anyone with inside knowledge.
Or if I am basically right confirmation.
Thanks Greek.
Mad Pad
- 08 Mar 2007 07:58
- 23843 of 27111
Anybody been(or is going) to Coventry from this or any other board?
greekman
- 08 Mar 2007 08:09
- 23844 of 27111
Mad Pad,
I'm not but as they say I know a man who is (via another board).
If and when he posts, I will ask him if I can cut/paste his report.
Mad Pad
- 08 Mar 2007 08:11
- 23845 of 27111
Thanks Greek.
greekman
- 08 Mar 2007 09:15
- 23846 of 27111
We have had quiet starts before, but this is ridiculous.
Could this be the trend up to the 21st.
Calm before the storm perhaps
Mad Pad
- 08 Mar 2007 09:30
- 23847 of 27111
Tried to buy 250k but price was 1.23 so gave it a miss.Anyone else like to start the ball rolling?
bhunt1910
- 08 Mar 2007 09:44
- 23848 of 27111
There you go - the ball is rolling
Mad Pad
- 08 Mar 2007 09:48
- 23849 of 27111
You Bas?
bhunt1910
- 08 Mar 2007 10:42
- 23850 of 27111
Not this time - I took out another CFD yesterday @ 1.20
kimoldfield
- 08 Mar 2007 12:02
- 23851 of 27111
Another entry on the European Patent Office site today:-
Patent Application Publication
Publication number: US2007045240
Dielectric Welding
Publication date: 2007-03-01
Inventor: SMITH DAVID J (GB); GRIMES RYAN (GB); LOUTIT MAGUS J (GB); KOLTSOV DENIS K (GB); SOFIELD CARL J (GB)
Applicant: STANELCO RF TECHNOLOGIES LTD (GB)
Classification:
- international: B23K15/00; B23K15/00;
- European:
Application number: US20060460599 20060727
27.7.2006
Priority number(s): GB20050015981 20050804; GB20050024175 20051128
Technology is as before, slightly different wording and IPC nos. are different: as I am still not fully conversant with the ins and outs of all this patent stuff it is quite possible that it does not mean a thing!
Mad Pad
- 08 Mar 2007 16:19
- 23852 of 27111
Kim at least it shows they are still alive at HQ if nothing else!
zscrooge
- 08 Mar 2007 17:41
- 23853 of 27111
Greekman
Investigate the following:-
direct market access
bloomberg terminal
algorithmic trading
greekman
- 08 Mar 2007 18:30
- 23854 of 27111
Zscrooge,
Just had a look at all three.
Found the direct market access and the algorithmic trading very interesting (both new to me).
Saw the Bloomberg site several months ago. It still looks good and will consider joining.
Thanks for the info Greek.
Neetybot
- 08 Mar 2007 19:06
- 23855 of 27111
"His source was in the Chinese community" Sweet or sour?
hewittalan6
- 09 Mar 2007 07:16
- 23856 of 27111
Possibly oyster source. It may yet contain a pearl of wisdom.
Or bean source. It could just be wind...........
greekman
- 09 Mar 2007 07:21
- 23857 of 27111
Re visit to the Easyfair Show.
Cut and Pasted from another site with the authors permission.
Obviously I can not vouch from this copy post.
Also went to the Easyfairs show and in truth not very impressive, of course they didn't say "yes Sir Mark we have done loads of deals and you going to see the SP rocket tomorrow" but there wasn't much to see, Frogmat samples FROGPACK Samples were given out and had some plastic trays on show but not much there.
I was hoping to see maybe GREENSEAL there working away, and some other product I haven't seen before, but unfortunately not.
Was worth going overall and was pleased with the company that I'm investing in, but if I was a teacher I would say "could have done better".
SirM
END>>>>>>>>
Just to finish the Chinese debate...Last night I went out for a Chinese. At the end I was given a fortune cookie. Guess what it said, Yes thats right....SEO will make you very very rich. So rich you will never have to work again.
OK don't believe me then.
Greek.
Mad Pad
- 09 Mar 2007 07:39
- 23858 of 27111
Thanks Greek(large puddle?).I don't post on iii.Could you ask SirM if he enquired about the MMF's after all if they take only 6 months to build(Howard told me at the AGM!! )they should be nearly up and running by now.Were Martin or Clive on the stand and what else were they showing,any mention of Greenseal or wrap?Thanks