Q: hi,5I
The question regarding the .05 cents. It intigued me also, I have seen 1 cent differences in trades also.
I think it is coming from the ''obligation '' of brokers to cover the the trades in the the ''best interest'' of their clients. So the first lot is sold or bought at .o5 less that what is supposed the ask or bid and the rest at existing bid.
I have lost also bids that were not covered for the same reason or only 500 units for a 10000 units bid... The ''creativity'' of the brokers never stops.
Everybody need to have their share of the ''retail''cake.
I have seen 1000 trades sold or bought per lots of 100 shares more and more. Also there is the practice of brokers to actually show on level 2 just 50% of the orders which is so wrong...
I have learned to live with it after so many years and moved on
I do not know if i am right in my suggestions, so any corrections will be welcomed.
Print at will
The question regarding the .05 cents. It intigued me also, I have seen 1 cent differences in trades also.
I think it is coming from the ''obligation '' of brokers to cover the the trades in the the ''best interest'' of their clients. So the first lot is sold or bought at .o5 less that what is supposed the ask or bid and the rest at existing bid.
I have lost also bids that were not covered for the same reason or only 500 units for a 10000 units bid... The ''creativity'' of the brokers never stops.
Everybody need to have their share of the ''retail''cake.
I have seen 1000 trades sold or bought per lots of 100 shares more and more. Also there is the practice of brokers to actually show on level 2 just 50% of the orders which is so wrong...
I have learned to live with it after so many years and moved on
I do not know if i am right in my suggestions, so any corrections will be welcomed.
Print at will