RE:RE:And the BIG buyers today! Anonymous and RBC trading!bushhog1 wrote: Wow !! .... Anonymous must be the biggest Register Brokerage House
out there. But I never heard of them.
If its another Brokerage House using the name Anonymous to deceive Investors then
its tantamount to frontrunning or conflict of interest.
The Regulators should not allowed these actions.
Bushhog1, anonymous is generally brokerage traders (on "trading desks"). They are also called "cubicle traders". Brokers that rip off the investing public. And they "self-regulate" themselves via IIROC, the biggest joke on the Canadian markets.
Had a couple of buddies years ago that were brokerage traders. They all burnt out and move sideways into other jobs at banks. Too much stress with quotas etc. Many of these clowns here are trading desk brokers. I get attacked ALL THE TIME by them because I know "how the street works". I was employed for years as a trading algorithm programmer with some big wall street banksters.
When brokerage traders place trades, they can hide their brokerage so instead of showing up as the actual brokerage, the trades show up as "Anonymous". Retail can't do that through any electronic trading platform that I know of and retail is too small to matter. It's the brokerage firms that do it.
And yes, 100% agree regulators should ban the practice because if you combine that and alternative brokerage (non retail) ATS/dark exchanges you get nothing short of financial terrorism which is what hit LTS (and many TSX traded stocks since 2011).
The regulators are currently outmatched, outwitted and outplayed in Canada but there are signs that is changing. Unfortunately, it means the provinces have to give up some power and I hope, for Canada, they do it sooner than later. The Feds are clueless at the highest levels it seems.