TSXV:SLX.P - Post by User
Post by
mousermanon May 28, 2011 7:39pm
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Post# 18640155
ATS trading
ATS tradingI trade primarily thru TD altho i handle some of my inlaws accounts thru other brokers. I am seeing the majority of my TD trades routed thru alpha, and as we have noticed over the past few months, on most days nearly 50% of SLX volume is done thru ATS. It skews the volumes and market depth and affects trading.
HOWEVER, this is the first time i have seen this kind of action, which does not even remotely resemble an orderly market , and would be a launching pad for lawsuits if it was done in any great volume. I cannot prove that the bids all disappeared or not , for .15 under the last sale for a minute on friday, and perhaps the tsx had a glitch in their order system and so alpha and pure sold the market order within their systems because the TSX system showed nada.
I didnt have bids in , and cant verify those that say they did. I just know that it is very unusual to have that many different bids from so many different houses in that kind of volume just suddenly get cancelled or lowered.
AND then reappear .15 higher, at .73 , 28 seconds after the sale at .58 finished.