11:44:56There was a discussion a few days back about the # of exchanges that are involved in farming out a buy or sell order.
A typical sell order occured at 11:44:56 today, whereby a client using BMO sold 40,000 shares at the Market. To facilitate this order involved 4 exchanges. There is so much smoke and mirrors involved in trading and this is just one of them.
Trade- showing 4 Exchanges involved in 1 sell order |
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11:44:56 | H | 0.74 | -0.01 | 3,500 | 2 RBC | 9 BMO Nesbitt | K |
11:44:56 | O | 0.74 | -0.01 | 500 | 2 RBC | 9 BMO Nesbitt | K |
11:44:56 | U | 0.74 | -0.01 | 500 | 2 RBC | 9 BMO Nesbitt | K |
11:44:56 | H | 0.73 | -0.02 | 3,000 | 13 Instinet | 9 BMO Nesbitt | K |
11:44:56 | H | 0.73 | -0.02 | 1,000 | 79 CIBC | 9 BMO Nesbitt | K |
11:44:56 | U | 0.73 | -0.02 | 5,000 | 1 Anonymous | 9 BMO Nesbitt | K |
11:44:56 | U | 0.73 | -0.02 | 5,000 | 1 Anonymous | 9 BMO Nesbitt | K |
11:44:56 | U | 0.73 | -0.02 | 5,000 | 13 Instinet | 9 BMO Nesbitt | K |
11:44:56 | U | 0.73 | -0.02 | 2,500 | 79 CIBC | 9 BMO Nesbitt | K |
11:44:56 | U | 0.73 | -0.02 | 3,000 | 1 Anonymous | 9 BMO Nesbitt | K |
11:44:56 | U | 0.73 | -0.02 | 500 | 79 CIBC | 9 BMO Nesbitt | K |
11:44:56 | O | 0.73 | -0.02 | 5,000 | 1 Anonymous | 9 BMO Nesbitt | K |
11:44:56 | O | 0.73 | -0.02 | 1,000 | 1 Anonymous | 9 BMO Nesbitt | K |
11:44:56 | O | 0.73 | -0.02 | 1,500 | 13 Instinet | 9 BMO Nesbitt | K |
11:44:56 | C | 0.73 | -0.02 | 500 | 13 Instinet | 9 BMO Nesbitt | K |
11:44:56 | C | 0.73 | -0.02 | 500 | 36 Latimer | 9 BMO Nesbitt | K |
11:44:56 | H | 0.73 | -0.02 | 2,000 | 1 Anonymous | 9 BMO Nesbitt | K |
11:44:56 | C | 0.74 | -0.01 | 50 | 124 Questrade | 9 BMO Nesbitt | E |
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