RE:RE:You fictitious ignorance is a good oneLonghandStrong wrote:
two different markets, operated by two different entities. You are absolutely incorrect that there is no balancing system that "reconciles". The only thing that sets TSX share price is TSX bid ask. There's something wrong with your medulla oblongata
If you look at stockwatch, you will see many transactions taking place on OTC that directly impact the price on TSX. Very often, when a thinly traded Canadian stock order is placed on OTC, the shares are not available in the U. S. and must be obtained from TSX sources. As a result, you will see an OTC trade (let's say for 1000 shares). On TSX you will see the same transaction at the exact same timestamp and price (adjusted for currency exchange rate). If the OTC transaction is different from the TSX market, it moves the TSX. This is very easy to see on public sites such as stockwatch. Interestingly, the volume of those transactions appears both on the TSX and OTC daily volume totals, essentially double-counting those trades.
If someone wanted to move the TSX, a very good approach would be to drive the OTC price up or down, easier to do because of the illiquidity, then monitor the impact on the TSX side.