RE: Market makers are in charge23 Oct 2020 11:12
Hi chancers, you had
so at 09:30, More buys than sells and the share price is down
Vol. Sold 411,860
Sold Value £24.51k
Vol. Bought 683,290
Bought Value £40.66k
My calculations show at 9.30am
Total volume - 1.482m traded
Bought - 1.071m
Sold 411.7k
So, you are spot on that more bought this morning than sold and the share price at 5.90 - 6.10 on SETS is actually showing as 5.9775 - 6.096 on the RSP....
The RSP is where the retail trading is done and any larger orders plus institutional orders (very few, if any) are done 'upstairs' which simply means your broker talking to the market makers and leaving orders with the MM normally 9for protection) with a limit.
Talking to one of the MM's (there are 6 for Bids) he simply said that for him he has stock on his book built up this week as he had seen sporadic sellers most days and happy to release at 6p or better as he had bought lower down.
He had not got any day orders or even ongoing limit orders, but he did suggest the house broker has seen some day and week orders so what we see as prints/trades is only part of the picture.
You were right though Chancers. Today more buyers than sellers.
Back to work for me.