Post by
Maxmoe on Sep 23, 2024 2:49pm
Attention traders
You guys do understand that neither TD or CIBC are actually buying or selling a single share right? Nor any other broker. They are executing client orders only. It's possible, but VERY unlikely they are trading their own book. Their books are 99% top 60 names only. In fact, the same mutual fund or institution uses TD, CM, and ALL the others. They may buy using 3 different brokers in the same week by reacting to offerings they see. I know this first hand. So don't read anything into what TD or CM or any other broker is doing. It may be the same client. It may be 10 different clients. If there is ANY chance someone might connect dots and figure out who is behind a series of orders ......they use anonymous. The client can use anonymous, TD can use anonymous, or CM can use it, or any large trader can.