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Thanks Mikey
Very informative response.
I am only a humble PI and could not possibly research all these individual venues. It caught my attention because I do not believe these type of trades have been mentioned before. Anyway back to waiting for some interesting developments and news which is well over due.
Thanks again and keep posting as your posts are read by many GKP investors.
What I cannot see :-
Are what the Wholesale Level 2 Platform users can see, which are all the Entities which own the unnamed Limit Buy & Sell Orders that sit on the Bid & Ask Books.
And nor can I see any of the trades executed from Fridays 12 remaining Alternative Venues including the London SI & XOFF Venues.
But just because I can't see any Alternative Venues accessing the GKP London Stock Exchange Groups and you can't see the Alternative Venues operating, the Volumes & Liquidity that the Alternative Venues bring to the GKP LSE Market are very real.
Everhopeful.
The writer of that post is 40% correct and 60% wrong, simply because he hasn't found and understood the full information that's available to the user on the LSE GKP Trades Page.
Hi Rafrider. Thank you for the polite request.
First of all there is no clandestine accumulation going on, as what is happening is being viewed by every Wholesale Entity Market Participant through their own Wholesale Level 2 Platforms.
1st. . . Please remember that the London Stock Exchange in itself is a Listed Company on the London Stock Exchange
In the following screenshot you can see 14 Venues through which GKP was traded on Friday. (there are many more Alternative Trading Venues which GKP can be traded from)
https://www.screencast.com/t/0Uoa7yfX7H
Each of the 14 Venues are European Based >>only<< . . .and based in various countries across Europe.
As GKP is listed on the London Stock Exchange, each of Fridays 14 Venues traded GKP on the London Stock Exchange from where ever they where based.
You can see the LSE Lit Venue, the LSE off Book Venue, London SI Venue and the LSExoff Venue . . . each the 4 Venues listed above are independent Exchanges owned by the London Stock Exchange Group, and are independent Exchanges in their own right
A "Lit" Venue . . . is a Venue on which ONLY Automatic Trades are executed
An "Off Book" Venue . . . is a Venue through which ONLY Ordinary Trades (OT) are executed.
LSE Lit . . . is the LSE Groups Venue through which Auto Trades are executed via the LSE's TRADEcho system (CFD's are conducted through Auto Trade Orders directly to the Book)
LSE Off Book . . . is the LSE Groups Venue through which my Broker Hargreaves Lansdowne works for me and where "EVERY" Private Investors Brokers buy and sell for them.
(An Off Book Trade is the correct terminology for OTC (OT) Trades or Over the Counter Trades . . . . AT's are conducted "on the Book" OT's are conducted "off the Book" or are sometimes termed as "behind the Book") (OT's are conducted privately between the PI, his Broker and a DMM, then announced through the trade reports)
London SI . . is short for the LSE Groups Systematic Internalisers (you can look that up)
LSE XOFF . . . is another of the LSE Groups trading Venues through which OT trades can be executed.
The remaining 10 Trading Venues that were trading GKP on Friday >>ALL<< did so "through" the LSE Venue. (the names of those are in the Fidessa screenshot so they are some more you can research.
Please note . . . my Level 2 Platform is a Retail version through which I can only "see in Real Time" the Book with its named DMM's, and also I can "see in Real Time" the DMM's Buy & Sell Limit being placed and sold or bought from.
I can also "see" in Real Time the Trade Reports from the LSE Groups AT & OT Venues being reported.
https://www.screencast.com/t/4wm75xajpf
What I cannot see :-
Are what the Wholesale Level 2 Platform users can see, which are all the Entities which own the unnamed Limit Buy & Sell Orders that sit on the Book.
The trades executed from Fridays remaining 12 various Alternative Venues including the London SI & X
From ADVFN
1waving6 Dec '19 - 18:17 - 595141 of 595167
0 18 1
.
Around mid morning today there were a series of trades which were executed internationally marked as SINT, rather than the XLON for London.
Amongst those SINT trades there was a 50K and a 60K
.
After hours tonight there was another SINT trade of 300K. This was alongside a series of hefty XLON Trades which included 349K, 76K, 100K and 99K trades. All fairly quickly following the closing auction trade.
.
1.939 Million shares traded today.
Looks like corporate activity is increasing quickly but exactly what the purpose is yet to be made clear.
A continuation of trading as per today would likely mean the end game is on us in the very short term.
Maybe a RNS Monday.... if not, watch out for the trades and execution location.
.
The execution location comes under the MIC column, i.e. SINT AND XLON
I use the London Stock Exchange site for this info.
.
Hi Mikey
Interesting trades.
I don’t really understand these off book trades on SINT and EXOFF. Could you explain what these trades may imply because people on here I believe are not familiar with these type of trades. Does it suggest some sort of clandestine accumulation?
Hope you can elaborate in a neutral manner.
Atb
Rafrider
5 days in the life of Share Buying being processed by a Designated Market Maker, possibly by BMCM
"Yes Yes. But still no idea how shares obtained etc. ;-)"
OfficerFigby . . . Are you saying you don't know how the stock market works ? ?
Yes Yes. But still no idea how shares obtained etc. ;-)
Below is a view of the trades page on the GKP London Stock Exchange website, which show the trade types and on which Venue the Large Orders where executed on.
The Trade shown at the bottom at 16.35.05 is the Closing Uncrossing Trade (UT)
https://www.screencast.com/t/iXJnWqQOIe6U
Below is an explanation of the SINT & XOFF trade types for cross referencing with the Fidessa screenshot
https://www.screencast.com/t/wSjXQ3Acn0m7
https://www.screencast.com/t/w3u8yy3004F
https://www.screencast.com/t/0Uoa7yfX7H
NO! Mikey you tell US! ;-). We have no idea!
Last night there was a 188,723 @ 199.37p late reported trade
Tonight we have
https://www.screencast.com/t/Omi8tPsTL
Ask yourself . . how were so many Shares obtained