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“For me the important question is these late trades must going somewhere, they’re chunky trades for someone to be accumulating....”
We don’t know if it’s a someone. Remember it’s the aggressors trade that is published that is whoever instigated the trade. So if someone is selling there may be more than one buyer if it’s only sells that are published. We don’t know.
Trek
For me the important question is these late trades must going somewhere, they’re chunky trades for someone to be accumulating....
Late trades...sections g3013 and g3020 key. Nothing sinister and MiFID compliant...
In relation to rule 3012, where two member firms agree at or prior to the time of the trade, the responsibility for trade reporting may be delegated to the other member firm.
The rule recognises that member firms may wish to delegate the trade reporting responsibility to the other member firm. This may arise where a member firm trades infrequently and hence wishes to always delegate the reporting process or where the non reporting member firm wishes to gain protection under the deferred publication facility but the reporting member firm does not.
(Amended N09/17 – effective 3 January 2018)
Standard trade report deadlines [3020-3021]
Where a trade is executed during the trade reporting period, a trade report shall be submitted to the trading system in accordance with the standard trade report deadline.
Guidance to Rule:
The trading system will immediately publish a trade report unless deferred
publication is requested (and the trade qualifies for a delay). (Amended N09/17 – effective 3 January 2018)
And these are the addressable concerns
A member firm shall not:
aggregate trades in order to qualify for treatment under the deferred publication facility; add subsequent trades to a deferred publication in order to increase its size; or
submit or agree to submit a correction for the sole purpose of re-reporting a trade in order to gain or extend a delay in publication.
Less technical explanation.....from FAQ’s
When can the deferred publication regime be used?
A member firm should only request deferred publication where the member firm is dealing on its own account (as principal) and the transaction is between the member firm and its customer.
How can I request deferred publication of a trade?
A member firm may request deferred publication of a trade by submitting a trade report with either the ‘OK’ (for an ordinary trade) or ‘NK’ (for a negotiated trade) trade type. MillenniumIT will determine whether a delay should be applied based on the relevant publication regime.
References..
Handbook
https://www.londonstockexchange.com/traders-and-brokers/rules-regulations/rules-lse.pdf
FAQ’s
https://www.londonstockexchange.com/traders-and-brokers/membership/faqs/rulebook-faq/rulebook-faqs.htm
Trade flags/types
https://www.londonstockexchange.com/prices-and-markets/prices-help/trade-type.htm
Trek
@Marve
I think they will be done late tomorrow or Wed. imo
Lets hope for decent volume tomorrow
In my opinion it's the MMs just doing what they want
To work out if buy or sell, I just go back to look at trades reported at the time, and compare
For example the £125k trade for 76,265 at 12.08 on Friday, you can just about scroll back to that point on 29 May, so for me that was a sell
I am sure there are some delayed trade buys that never show
But yes I also added up roughly 1m of shares traded that showing delayed
The delayed reporting of trades has been happening for a few days now
Agreed @drlong:
Product = Strong
Demand = Strong
Sales = ???? (Clue - see above)
Sit tight - don’t panic, good things will come to those that wait.
#Peace&Plants
Theres a very low amount of shsres in issue
,revenue imminent, much needed product,valued well below peers,it will fly soon imo.
Makes me wonder whose buying them all, as for every sell there is a buy, etc..
....based on large individual size of delayed trades, a reasonable detective could deduce II sells.
But then again, I’m no detective...
#PlantPower
Evening - considering volume circa:
- 790K buys
- 570k sells
- 1million delayed ‘Unknown’s’ (29th)
SP = -8.5%.
Would suggest fair assumption majority were sells.
Hold, hold, hold (or if funds allow, buy dips).
#peaceplantsprosper
Neither have I groover,quite incredible.
As I understand it (and I'm a relative newbie) large trades can sometimes take a while to process and some may take a few hours or even days to fully transact. In my opinion, the MMs use this to their advantage to hide what's actually going on, as they know if they're working a big buy or sell order, but us PIs have to guess, so it's not a level playing field.
These trades will be factored into the closing SP, although it's possible a load of late reported sells for example may trigger negative sentiment leading to a rush of sells the following morning (or vice versa).
What's the point of L2 if MMs can hold big trades till the following business day?
Background sells from today will be released tomorrow after 5pm
Don't think Ive seen so many DTs for quite sometime. Some substantial investments there and which speaks volumes
Can someone explain to me why this happens as I'm still not clear. This is a significant volume that would affect the share price but they are pushed through after hours and it makes no difference. Can the MM's choose what they do and don't publish? Are there no rules surrounding this.
It feels that the share price Friday would have been very different if these had gone through during the day...
Because they're date and time stamped. Loads from 29th May just showed up on the trades page
how do we know if their are Friday trades or todays???