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To: Steven T. Schlink who wrote (782)3/20/1998 1:39:00 PM
From: Paul Thomas  Respond to of 2358
 
Steve,
There is no way to confirm the validity of every trade. If we had to check that every trade was valid, the data would be hours old. From time to time, a bad trade can be generated from the exchange. They will send out a correction for that tick, but that will only affect the highs and lows. The bad tick can not be removed, just discounted if it affects the high, low, volume, etc. Tick charts and time & sales will not be able to correct that. I would like to have a look at the stock you are complaining about, but you did not give me the symbol. I want to see where this tick was generated.
Paul