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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Redmond Quain who wrote (7433)3/14/2000 9:12:00 PM
From: Dustin  Read Replies (1) of 18137
 
Redmond, I am not positive, but here is what I think. When you see blocks like that (over 50k) they are usually planned ahead of time, and the buyer & sellers are already predetermined. For example, one of GSCO's clients wants to buy 75k JDSU. GSCO's trading desk then looks over the market to see if there is a possible match. Maybe a mutual fund is wanting to sell 100k at (or near) the same price, at the same time. A firm like ITG (www.itginc.com) could be hired to perform the trade. Therefore, there is no need for GSCO to display that buy order on L2 because the trade can be done behind the scenes. Can anyone confirm this?
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