Interesting3 Feb 2021 17:15
We have had many many really tiny trades lately and looking on the trades today - the codes for these on London Stock Exchange they are all marked SIND for an SI trading. Anyone shed more light on this - is this an institutional investment firm off book Algo performing to take price down to buy in?
An SI with SIND code stands for -
Systematic internalisers (SIs) are investment firms which, on an organised, frequent, systematic and substantial basis, deal on own account by executing client orders outside a regulated market, MTF or OTF without operating a multilateral system.
IMHO DYOR GLA