Q: Tagged this question to SYZ but it could apply to any listed situation. I'm looking for some trader perspective.
SYZ is relatively illiquid, TSX Venture listed and spreads between bid & ask sometimes wide. Not certain but think the market maker is Haywood brokerage house #62. Normal Course Issuer Bid is in place and I believe BMO brokerage is conducting that.
Recently I looked at live quotes showing visible market depth. Bid was small volume at 9.59 and small (but larger) offered volume at 9.68
I entered a buy order with volume size that would have taken out all of the visible offered at 9.68 and a little more up to 9.69.
My unsolicited limit buy order completely filled. Price received was better than the limit order price entered and midway between visible bid/offer prices on market depth.
Live quotes for trade history did not print the sales at either the TSX site or on Canada Stockwatch live trade prints. I do not know who buying brokerage was.
Live quotes after the done trade still showed same bid/offer prices and sizes on the depth of market.
Detailed long-winded description. The question -- Can you provide some background color on how some trade prints show up immediately while others (ie. above description) seem to be invisible. Just curious and trying to understand the behind-the-scenes mechanics of trade stuff better.
SYZ is relatively illiquid, TSX Venture listed and spreads between bid & ask sometimes wide. Not certain but think the market maker is Haywood brokerage house #62. Normal Course Issuer Bid is in place and I believe BMO brokerage is conducting that.
Recently I looked at live quotes showing visible market depth. Bid was small volume at 9.59 and small (but larger) offered volume at 9.68
I entered a buy order with volume size that would have taken out all of the visible offered at 9.68 and a little more up to 9.69.
My unsolicited limit buy order completely filled. Price received was better than the limit order price entered and midway between visible bid/offer prices on market depth.
Live quotes for trade history did not print the sales at either the TSX site or on Canada Stockwatch live trade prints. I do not know who buying brokerage was.
Live quotes after the done trade still showed same bid/offer prices and sizes on the depth of market.
Detailed long-winded description. The question -- Can you provide some background color on how some trade prints show up immediately while others (ie. above description) seem to be invisible. Just curious and trying to understand the behind-the-scenes mechanics of trade stuff better.