Re: Transaction logs, late reports, out of sequence reports etc FYI:
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Understanding the Log
The symbol will appear on the upper left-hand corner of the display. The data filling the screen is as follows:
Time of Transaction / Exchange Code / Volume (if it was a trade or a Blank spot if it was a quote) / Price (if it was a trade) or Bid ? Ask ? Size (if it was a quote / Transaction Log code (if applicable)
IBM ? Transaction Log
1:10:11 N 500 167 9/s
1:10:10 B 900 167 9/s
1:10:10 X 167 3/8 167 11/s 5x1
1:10:09 S 100 167 « Z
Please Note: Indexes will include the change on day after the price.
Today?s Log Filtered Data Retrieval
To view All Transactions (both quotes and ticks) select Both
To view just Trades select Trades
To view just Bid/Ask quotes select Quotes
To Page Down
Click Log then More Log
To Print
Click Print then OK
Today?s Log Codes
U. S. Stocks:
The following is a description of the Stock Last Sale Special Trade Condition Indicators as they are received on the CTS ticker feed:
@ Regular Sale. (Also, if no symbol is sent, no special conditions apply)
A Acquisition. The trade was part of an Exchange acquisition.
B NASAQ: Bunch Trade. This trade report reflects multiple trades by a single trader
within a short (typically 60 second) period.
Non-NASDAQ: Stock was traded in association with another instrument.
C Cash Sale. This trade was a special, cash based transaction. Delivery and payment for
the transaction are due on the same day as the transaction.
D Distribution. The trade was part of a large distribution. Typically a large block, the
indicator is used so that traders know that this was not a large buyer/seller doing a trade.
Thus this is block is not apt to affect the market price.
F Burst Basket Execution. A burst basket execution signifies a trade wherein the equity
specialist, acting in the aggregate as a market maker, purchase or sell the component
stocks required for execution of a specific basket.
G NASDAQ: Group Trade. This report is the same as a ?B? Bunch trade EXCEPT that it
is being reported out of sequence.
Non-NASDAQ: (Not reported by TDC due to overwhelming customer requests.)
FYI Opening/Reopening trade detail. This indicates that the trade is just for informational purposes.
H Interday Trade Detail. Same as G EXCEPT other than opening trade.
I Basket Index on Close Transaction. This signifies a trade involving paired orders, the
execution of which is based on the closing value of the index. These trades will be
reported after the close when the index closing value is determined.
J NYSE Rule 127. The trade was outside the current quotes and was
a) over 10,000 shares, and/or b) was over $200,000
K AMEX Rule 155. This trade occurred under the regulations specified by AMEX rule 155
for special trades (large dollar values and/or out of market. Aka a ?Cleanup Trade?.
L Sold Last. This is a late report of a regular trade although the trade did occur in
sequence.
N Next Day. This trade specifies delivery between one and four days after the transaction
date.
O Opened. This is a late report of the opening trade.
R Seller. This trade specifies delivery conditions for a future date (beyond next day).
S Split Trade. This trade was part of a larger trade which was split across multiple
exchanges. It should be treated as a regular sale. However, it is unclear if this rule
applies any longer.
T NASDAQ: Form ?T? trade. This is a trade which occurred after the NASD system close.
These trades are reported on a ?Form-T? and are electronically as a group some time after
the close.
Non-NASDAQ: Custom Basket Cross. This Signifies a trade of (a) two paired split
(where the customer requires only a portion of the standardized basket) orders in which
the market maker or member organization facilitates both sides of the remaining portion of the baskets, or (b) a combination of a split basket and an entire basket where the market maker facilitates the remaining shares of the split basket only.
Z Sold. This is a late, out of sequence, report of a regular sale. |
