Post by
hobbs2969 on May 15, 2021 8:08am
Just an Observation
Yesterday,, at 2:16 pm, 42 000 shares of MDX were traded on the TSX-V at 15 cents, From 2:49 pm until closing 25 000 shares were traded on the Alpha Exchange and 1 000 on the NEO exchange at 15.5 cents which was not reflected in the the closing price of MDX on the TSX-V My RBC account only shows the the closing price on the TSX-V. I phoned RBC Direct Investing to inquire if a customer could dictate which exchange they preferred for stock purchases or sales. A Direct Investing representative said that he was aware of this situation, but that the problem belonged to the equity department which makes the decisions as to where they will place the trade. They may decide to choose what is the easiest route for them. According to the RBC Representative, there are now 11 of these exchanges in Canada, so customers may never be aware that their stock actually closed the day on other exchanges at a higher value which is not being reflected in the closing price in their RBC account which only displays the closing TSX-V value. Shouldn't the closing price of a stock reflect the highest price at closing on whichever of the 11 Canadian exchanges traded the stock? For MDX stock owners who thought that there stock dropped a full cent yesterday, it actually finished down a half cent.