RE: Big buys at close4 Apr 2020 13:03
Morning. Just had a quick look into these out of hours trades and requires some deciphering.
If you look at the trades for the last part of the day, excuse the formating.
These are from the actual London exchange website not this one.
17:15:08 03-Apr-2020 184.90 GBX 499 922.65 Off-book TNCP XOFF
18:10:38 03-Apr-2020 184.70 GBX 73,918 136,528.76 Off-book TNCP XOFF
18:10:38 03-Apr-2020 185.82 GBX 33,331 61,936.66 Off-book TNCP XOFF
17:12:26 03-Apr-2020 185.82 GBX 48,534 90,187.33 Off-book TNCP XOFF
16:44:28 03-Apr-2020 185.63 GBX 8,491 15,762.27 Off-book TNCP XOFF
16:35:26 03-Apr-2020 184.90 GBX 499,861 924,242.99 Uncrossed Trade XLON
16:29:52 03-Apr-2020 182.20 GBX 288 524.74 Off-book SINT
16:29:52 03-Apr-2020 182.20 GBX 422 768.88 Off-book SINT
16:29:45 03-Apr-2020 181.00 GBX 278 503.18 Automatic Trade ALGO XLON
16:29:38 03-Apr-2020 182.20 GBX 81 147.58 Off-book SINT
Some of these flags you may already be familiar with such as Off-book or Automatic Trade (ALGO) and the UT (uncrossing trade) where the exchange balances the books at various times during the day.
Or something like that. :) Look it up for more info.
Normal "O" and "A" trades is what this LSE site shows.
Not quite sure if "A" trades as well as being Algo Bots also may be other automatic trades like stop losses, etc.
The XLON refers to the London Stock Exchage.
The TNCP flag means "Non Price Contribution to Discovery Indicators". I'm guessing (for now) that these have something to do with being out of hours trades and possible linked to also being OTC trades. See below.
SINT is Systematic Internaliser (“SI”) "This is an investment firm which is a counterparty dealing with its proprietary capital and is not a trading venue".
Whether that's a DMA (Direct Market Access) trade or other. Not sure, but it's still off the book.
XOFF states "Immediate / Deferred / No Publication" But I belive is also "off Exchange".
It also states as being OTC.
Which I always though refered to the OTC exchange in the US. OTC= Over The Counter.
Some companies are dual listed both here and on the OTC.
There they can buy stock out of our hours but during their opening times.
I believe these trades are then added to the trades when we re-open. Only so many shares in issue.
That would explain when I set up my charts, pre-open, of a morning their is a flood of trades timestamped to the previous evening when the market opens here.
More confused than ever now, I guess.
Cheers, Si.