Iceberg?The following morning trades were all tagged as "w" by-pass trades...
SP VOL TIME BUY SELL
w 1.80 400 10:21:26 081 007
w 1.79 200 10:21:26 081 079
w 1.79 1,000 10:21:26 081 099
w 1.79 1,000 10:21:26 081 099
w 1.78 100 10:21:26 081 039
w 1.78 1,600 10:21:26 081 101
w 1.78 200 10:21:26 081 079
w 1.78 1,500 10:21:26 081 099
w 1.78 1,600 10:21:26 081 099
https://www.stockwatch.com/stocks/stocks_helper.aspx?menu=yes#exchangecodes
W
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Regulatory Trade – indicating the "hidden" or iceberg portion of the order was not satisfied. Depending on whether the trade was used to move the price down in accordance with UMIR, or the ByPass Cross was put up, it may or may not set the last sale price. Please use the K marker to determine the last sale price. They are also included in the volume, value, and number of transactions. |
Could someone please clearly explain the mechanism by which these trades might occur? I've read that iceberg orders can be used to concealthe intent of institutional investors but when the order isn't satisfied the order gets exposed.
House 81 (HSBC) bought 52,600 shares in one shot but there were probably other portions of the order that were filled earlier. Anyone we know with HSBC? Can someone please provide the CUU trade history for 81?
https://www.stockwatch.com/market/market_broker.aspx
Thanks!