TSXV:AAA.P - Post by User
Comment by
bob-ten1on Apr 18, 2012 11:45am
130 Views
Post# 19807658
RE: Dundee Yesterday
RE: Dundee Yesterday Cross trades are not to increase volume. Cross trades are when a broker executes both a buy and a sell for the same security from one clients account to another where both accounts are managed by the same portfolio manager. Dundee has many retail clients using their platform so when a buy or sell shows up under Dundee it doesn't mean it was from Dundee themselves.
Some may come from Dundee if they are walking the price down to do a large cross at a pre determined price. Example if I tell Dundee I want to buy 400,000 shares at .57 and the price is currently .59. If they find someone willing to sell me 400,000 shares in one block they can sell at few shares to get the price down to .57 then do the cross.
Company: |
Dundee Securities Ltd. |
Address: |
1 Adelaide St. East
Suite # 2000
Toronto, ON
M5C 2V9 |
Fax: |
(647) 428-8261 |
Web Site: |
https://www.dundeewealth.com |
Services: |
- Clearing
- Corporate Finance
- Equity Trading
- Fixed Income Trading
- Foreign Exchange Trading
- Institutional Trading
- Jitneying
- Liability Trading
- Mutual Fund Trading
- Options Trading
- Portfolio Management, Individuals Only
- Pro Trading
- Retail, Full Service
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