Dale
>>did the Rocket crash into the MIR?<< Couldn't be. It hasn't made it to the launch pad.
Re NASDAQ & double counting:
Since others have commented on this topic the following e-mail may be of interest:
>>Date: Tue, 23 Sep 1997 10:41:41 -0400
From: "Hashimoto, Tomoko" <HashimoT@nasd.com>
To: "'emory@sprintmail.com'" <emory@sprintmail.com>
>The volumes on Nasdaq and the exchanges are different. The rules are the same, to report a trade whenever there is a change in ownership. However, on Nasdaq, there is an intermediary (market maker) present in a higher percentage of cases. That is, if 100 shares are sold from a client to a market maker, and then the market maker subsequently sells the share to another client, both trades are reported. This holds true on the exchanges also, in the case of the specialist or NYSE member firms. The difference lies in the percentage of cases that there are not investors on both sides of the trade, on Nasdaq that percentage is higher, and thus the "double counting" will occur more frequently.
>If you need further assistant, you may contact Bob Bannon at Investor
>Relations - 202-496-2505.
>Hope it helps.
>Nasdaq Webmaster
>---------
>From: Emory Alexander[SMTP:emory@sprintmail.com]
>Sent: Monday, September 22, 1997 4:40 PM
>To: isfeedback@nasdaq.com
>Subject: Help
>
>I'm confused about how the NASDAQ counts share volume. So I have a few questions that I'm hoping will help 'uncloud' the issue.
>1) Are buyers and sellers orders matched up?
> 1a) If not does that mean when stock is sold it's always a market maker that buys the stock?
>
>2) If I'm still unclear on this matter do you give me the phone number of someone I could talk to?
>
>Thanks
----------------------------
Dale it looks like you were right. I still have a question as to, on average, what percentage of NASDAQ trades are double counted.
I'll post what I find out.
Hope this helps
Emory |
