RE: tree shake26 Mar 2019 11:35
Hi Cat, may have just gone for his / her tea break, wonder if they get a biscuit with their T. :-)
not relevant just now but did find out stock exchange guidance on roll over trading
When conducting a roll over trade or a sale and buyback, member firms should consider the volume of business that these trades account for, relative to the daily market turnover in the security. Member firms should ensure that they have adequate procedures in place to monitor this activity and controls to prevent customers circumventing these by using different methods to deal, such as opening a position by telephone whilst at the same time closing another using one of the member firm's web based systems.
Where these trades are conducted in less liquid securities, the market may see inflated turnover in the security which is actually only a customer buying and selling the same position. Undertaking such sale and buyback trades, in addition to the regular rolling of trades, could give a false or misleading impression to the market and the Exchange may consider this to fall under general conduct rules 1400.
(Amended N09/17 – effective 3 January 2018)