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Technology Stocks : 3DFX

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To: Ralph Bergmann who wrote (1475)1/30/1998 11:06:00 AM
From: Mitchell Ryan  Read Replies (2) of 16960
 
<<If there is a bid to buy 50000 shares at 23.5$ and 10 asks for 5000 shares at the same price. How are they traded?>>

Unlike the NYSE or AMEX, Nasdaq transactions are not trades per se, but are buys and sells by dealers. Each are treated as a separate transaction. Thus the 50000 share block at $23.5 may simply have been a purchase by a dealer.

<<Do I have 10 trades with 5000 shares or one trade with 50000 shares?>>

You would have 11 trades total, and the volume would be 100,000 shares total for all of these transactions. Even the dealers trade amongst themselves, and these transactions also are registered on the ticker.

Ryan
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