Tom, I wonder if perhaps you, or someone else on the thread, may be able to enlighten me on a question I have.
In watching the action on level 2, I note that many times just after the close, there are a series of trades put through. These trades are typically for large blocks, and most often come in identical pairs. For example, on WEBX, precisely at 4 pm, two identical trades of 25000 shares at the closing price. On
WEBM, once again precisely at 4, 2 trades of 15k, 2 trades of 6k etc. The pattern holds on many stocks (today on RVDP, DIGX, FMKT etc). Is this MMs crossing inventory or is something else going on. If it is inventory crossing, what would that indicate. Any light you or anyone else can shed would be appreciated.
Thanks |
