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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Joseph Silent who wrote (16900)9/21/2003 3:06:52 AM
From: Jon Tara  Read Replies (1) of 18137
 
A trade is neither a buy nor a sell - it is simply a trade - and exchange of stock between a buyer and a seller.

Unless, of course, it is a trade that is in fulfillment of an offering. In that case, the market has definately bought. :)

As far as whether a quote is listed before the trades that trigger it are listed... It may or may not be. First of all, a trade need not be "triggered" by a quote.

Makets typically disseminate two logically - and quote often physically -seperate streams of data. Quotes, which are offers to buy or sell securities - and trades - or reports of trades in securities.

These can and do become discombobulated - so it can sometimes become difficult to square quotes with reported trades.

I recall, for example, a few years ago that it was quite typical for NASDAQ trade data to lag quote data by as much as a minute around the open.
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