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longtime, I'm still waiting for a credible answer - have you managed to think of one yet ??
Pin
What is your exercise?
You really should keep it simple for people.
We have a matching trade system. People should put in an order at a price they are happy to deal at.
Only idiots think that having a service that gives them a view of price order build ups and sizes of matched trades gives them some sort of extra edge. It doesn't.
Small fractions on a penny are only going to matter with very large sums for short term profit.
It shouldn't matter to most investors if investing for the long term that they but Metro at 210p or 213p.
Pin
Yes I do mind.
Right, it seems I hit a nerve. I hope I didn’t but if I did I do apologise. Didn’t mean to be rude or something. I actually appreciate old chaps trying to keep up with technology and market. I was just trying to assess your understanding to make my answer easier for you. Said that I am going to filter you to avoid anymore conflict. You are not relevant for my exercise here anyway. No hard feelings. Cheers
I have no interest whatsoever at the level of orders from others
lti sounds ******ed. It's looking a little brighter here. GLA
Mat
Why on earth would I be bothered with direct access. I already get the stock I want at the price I am willing to pay. Simple
Pin
Yes I do mind.
I know how the market works thanks.
Matched buying and selling. Keep it simple for people.
You can have low volume days and high volumes days without much of a move in share price.
Supply and demand determines share price direction.
Pin
My order would sit there until fulfilled or not fulfilled .
Just because I am asking for shares at 212p doesn't mean that every holder of stock won't sell for less than 215p. They may ask 215p but they won't get.
Matched trades
do you mind asking me how old you are and if you were ever in a trading position during your tenure at HSBC? this is a very old way of thinking how the market works.
Pin
My order would sit there until fulfilled or not fulfilled .
Just because I am asking for shares at 212p doesn't mean that every holder of stock won't sell for less than 215p. They may ask 215p but they won't get.
Matched trades
If I put in a buy order tomorrow, whether for 20,000 shares or 50,000 shares at
212p, so long as there are matching sells I will fulfil my order.
I may fulfil my order only to find the price then drops.
you just proved me that your understanding of the book is very limited. if you put an order like that on metro you would have an impact on the price. Assuming it's not a blackbox order, people could see it and potentially decide to jump ahead of you. 20k or 50k for a low liquidity stock like metro makes a difference. you only think old style limit order. you can decide to hit the ask, you can decide to go at market and scoop half of the book. you can go for a fill or kill. there are so many options you seem to be unaware of.
For every buy there is a matching sale. Simple
Pin
''the more buys the price goes higher.. as simple as that.
Incorrect.
If I put in a buy order tomorrow, whether for 20,000 shares or 50,000 shares at
212p, so long as there are matching sells I will fulfil my order.
I may fulfil my order only to find the price then drops.
Pin
I'm talking about a straightforward limit order.
They bought, someone sold
that's why you are incorrect. Hedge fund very rarely uses those kind of orders. in this scenario very unlikely they did given volumes. we would have seen it. anyway it's time to close the shop. have a nice day.
Pin
I'm talking about a straightforward limit order.
They bought, someone sold
Pin
''really, how so?''
Now that is confusing.
You believe the closing of some of a short position is positive for the stock
the confusing bit is that you don't get it. to close a short position you need to buy. the more buys the price goes higher.. as simple as that.
Pin
''really, how so?''
Now that is confusing.
You believe the closing of some of a short position is positive for the stock
Pin
Whitebox put in an order to purchase at a price level which was matched. Simple
The supply was there.
incorrect. you have no idea what kind of order whitebox put. I am starting getting the feeling you have no idea how many kind of orders you can put into an electronic platform.
Pin
Whitebox put in an order to purchase at a price level which was matched. Simple
The supply was there.
"That is what I believe and you have confirmed it by your believe that a reduction in a short position has relevance."
really, how so?
Pin
''if that's what you want to believe feel free to do so.''
That is what I believe and you have confirmed it by your believe that a reduction in a short position has relevance.
It's quite straightforward. On large stocks we have operated an electronic matching system for the last 10 years.
lol we do agree on something finally. And that's exactly why a short cover has an impact on prices, specifically for a low volume stock like this one. Imagine if that buyer wouldn't be in the book that day? where would the stock go? given your previous messages I assume you are retired. I guess you are not familiar with how the markets works these days.
Pin
''I don't want to go too much in tech details.''
It's quite straightforward. On large stocks we have operated an electronic matching system for the last 10 years.
It only has relevance to those who want it to have relevance
that is simply and factually incorrect. But if that's what you want to believe feel free to do so.
It only has relevance to those who want it to have relevance
Pin
''that can only be positive for the stock''
Incorrect. It has no relevance.