GREY:CHALF - Post by User
Post by
Orwellian1984on Oct 16, 2019 4:57pm
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Post# 30237781
Some food for thought
Some food for thought Two interesting pieces of information:
1. It is an old news but very relevant:
"Big banks face scrutiny as same-broker stock trades rise"
https://www.theglobeandmail.com/report-on-business/streetwise/big-banks-face-scrutiny-as-same-broker-stock-trades-rise/article37797864/
2. A big fraction of large dumpings are either through Aequitas Neo Exchange and CX2. Among the big players, RBC is a funding share holder of Aequitas Neo.
https://www.osc.gov.on.ca/en/SecuritiesLaw_ord_20190221_221_aequitas.htm
TD uses various market places including CX2.
https://www.td.com/ca/document/PDF/multiplemarkets_disclosure.pdf
So it is safe to say Aeq Neo orders are placed by RBC and CX2 orders maybe by TD.
To summerize: TD and RBC eventhough seems to be themain buyers but also they are behind the sell force. Then the good question is why they place orders on both sides? It is the topic of the old article I shared above: Manipulation. Multiple Coordinated players.
Question: Where is the result of that Scruitiny? I did not find any.
P.S. I am not going to discuss it here but just want to mention it: Jitney is aligned with RBC and Questrade is partnered with Scotia bank.
