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Strategies & Market Trends : From the Trading Desk

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To: DGG who wrote (3486)	8/19/1998 8:52:00 AM
From: steve goldman	Read Replies (2) of 4969

DGG. Thanks for stopping in. There have been a few good post up here about what it could possibly be. You might want to search back or if anyone could point DGG to the right post. Briefly, it could be a market maker who was selling a position for a larger clients, the market selling throughout the session out of the firm's inventory account, then moving the piece from the clients account to the firm's inventory (thus covering the short) at the price you see. The firm and client might agree to do the trade for 1/8 or 1/4 pt. mark up and since its agreed they can print outside the tape. This lets the market maker's trader go to work without having to cross,reconcile each trade. It could also simply be a negotiated agency cross. It could also be a late print. Try to search back and find the many posts that have covered this topic in detail. Regards, Steve@yamner.com

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