TSX:BPO.PR.A - Post by User
Comment by
SONOFFERGUSon Apr 05, 2024 5:16pm
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Post# 35973934
RE:RE:RE:RE:BPO.PR.N
RE:RE:RE:RE:BPO.PR.NWarning: Never a trader, and especially never an equity trader.
Call trading desk or block trading specialist (not sure if they deal with prefs though). They find institutional counterparties for the trade. A trading desk may also trade as principal -- buying/selling at a discount with the hopes of making money through unwind in the exchange and/or through institutions to be found. The block trade we see is the reporting on the exchange for the off-exchange trades.
Moving large and illiquid positions is a pain, meaning it costs $$$ to get it done.