The following are detailed trading relationships for trades...

The following are detailed trading relationships for trades transacted between the 22nd of February and the 1st of March (6 days of data).

During this period there were 1,354 trades.

Of those 733 transactions involved either etrade or commbank. For the purpose of this excercise I excluded them as at least they were free market trades. I'll get onto the deliberate sell downs through the market at a later point.

The information below relates to the 621 transactions that took place between other broking houses. I have taken the data from the left and compared it to the inverse relationship on the right. This is so you can see who is buying from who and then selling back to who etc etc.

I have also examined the trades of less than $100 in value to show where these trades are coming from.

Within the top 20 trading relationships 431 transactions take place. Thats 69.5% of transactions outside commbank/etrade.

Furthermore 65% of the transactions that occur in the top 20 trading relationships (ex commsec/etrade)are of a value less than $100.

I'll let you drawer your own conclusions.

But I have a couple of questions

1) What genuine interest do UBSW have in ARM?
2) What genuine interest do GJBW have in ARM?
3) What international are AIEX facilitating trades for?

And 1 final one

4) Are they at home now going through the excuse book to see which one will help them now???

Sorry about the way the table comes out! Take it into excel and have a play.


Buy Sell ALL <$100 Buy Sell ALL <$100
UBSW UBSW 62 61 UBSW UBSW 62 61
UBSW GJBW 50 34 GJBW UBSW 26 20
AIEX UBSW 49 44 UBSW AIEX 43 1
UBSW AIEX 43 1 AIEX UBSW 49 44
SOSL UBSW 41 38 UBSW SOSL 0 0
INTS UBSW 27 12 UBSW INTS 1 1
MACP UBSW 27 23 UBSW MACP 0 0
GJBW UBSW 26 20 UBSW GJBW 50 34
UBSW ORDS 24 12 ORDS UBSW 5 3
MERL ORDS 14 14 ORDS MERL 0 0
AIEX GJBW 13 1 GJBW AIEX 5 0
UBSW TPPM 10 10 TPPM UBSW 5 5
UBSW RBSM 7 3 RBSM UBSW 2 0
MERL GJBW 7 7 GJBW MERL 0 0
INTS GJBW 6 0 GJBW INTS 2 0
AIEX SOSL 5 0 SOSL AIEX 1 0
GJBW AIEX 5 0 AIEX GJBW 13 1
GJBW GJBW 5 1 GJBW GJBW 5 1
GJBW SOSL 5 0 SOSL GJBW 4 1
INTS AIEX 5 0 AIEX INTS 2 0
ORDS UBSW 5 3 UBSW ORDS 24 12
TPPM UBSW 5 5 UBSW TPPM 10 10
AIEX ORDS 4 0 ORDS AIEX 1 0
GJBW TPPM 4 0 TPPM GJBW 4 0
MACP GJBW 4 0 GJBW MACP 1 0
MACQ UBSW 4 0 UBSW MACQ 1 0
MERL AIEX 4 4 AIEX MERL 1 1
SOSL GJBW 4 1 GJBW SOSL 5 0
TPPM GJBW 4 0 GJBW TPPM 4 0
HART UBSW 4 3 UBSW HART 0 0
MERL UBSW 4 4 UBSW MERL 0 0
MFGSA UBSW 4 4 UBSW MFGSA 0 0
MSDW ORDS 4 0 ORDS MSDW 0 0
MSDW UBSW 4 0 UBSW MSDW 0 0
PSL UBSW 4 1 UBSW PSL 0 0
UBSW CMCS 4 3 CMCS UBSW 0 0
AIEX AIEX 3 0 AIEX AIEX 3 0
AIEX DMG 3 0 DMG AIEX 1 0
BBY GJBW 3 0 GJBW BBY 0 0
DMG GJBW 3 0 GJBW DMG 0 0
GJBW ORDS 3 0 ORDS GJBW 0 0
HART ORDS 3 0 ORDS HART 0 0
INTS SOSL 3 0 SOSL INTS 0 0
MACP SOSL 3 0 SOSL MACP 0 0
SHAW ORDS 3 0 ORDS SHAW 0 0
AIEX INTS 2 0 INTS AIEX 5 0
AIEX TPPM 2 0 TPPM AIEX 1 0
DMG TPPM 2 0 TPPM DMG 2 0
GJBW INTS 2 0 INTS GJBW 6 0
RBSM UBSW 2 0 UBSW RBSM 7 3
TPPM DMG 2 0 DMG TPPM 2 0
AIEX TIMB 2 0 TIMB AIEX 0 0
CSUI GJBW 2 0 GJBW CSUI 0 0
CSUI SOSL 2 0 SOSL CSUI 0 0
GJBW BELL 2 0 BELL GJBW 0 0
JDV UBSW 2 2 UBSW JDV 0 0
MACP PSL 2 0 PSL MACP 0 0
MACQ GJBW 2 0 GJBW MACQ 0 0
MACQ ORDS 2 0 ORDS MACQ 0 0
MACQ SOSL 2 0 SOSL MACQ 0 0
MERL SBAR 2 2 SBAR MERL 0 0
ORDS TPPM 2 0 TPPM ORDS 0 0
PSL ORDS 2 0 ORDS PSL 0 0
UBSW BELL 2 2 BELL UBSW 0 0
AIEX MACQ 1 0 MACQ AIEX 1 0
AIEX MERL 1 1 MERL AIEX 4 4
AIEX RBSM 1 0 RBSM AIEX 1 0
DMG AIEX 1 0 AIEX DMG 3 0
DMG ORDS 1 0 ORDS DMG 1 0
GJBW MACP 1 0 MACP GJBW 4 0
GJBW PSL 1 0 PSL GJBW 1 0
INTS PSL 1 0 PSL INTS 1 0
MACP MACP 1 0 MACP MACP 1 0
MACQ AIEX 1 0 AIEX MACQ 1 0
ORDS AIEX 1 0 AIEX ORDS 4 0
ORDS DMG 1 0 DMG ORDS 1 0
PSL GJBW 1 0 GJBW PSL 1 0
PSL INTS 1 0 INTS PSL 1 0
RBSM AIEX 1 0 AIEX RBSM 1 0
RBSM RBSM 1 0 RBSM RBSM 1 0
SOSL AIEX 1 0 AIEX SOSL 5 0
TPPM AIEX 1 0 AIEX TPPM 2 0
UBSW INTS 1 1 INTS UBSW 27 12
UBSW MACQ 1 0 MACQ UBSW 4 0
AIEX BBY 1 0 BBY AIEX 0 0
AIEX BELL 1 0 BELL AIEX 0 0
AIEX CMCS 1 0 CMCS AIEX 0 0
AIEX JDV 1 0 JDV AIEX 0 0
AIEX PSL 1 0 PSL AIEX 0 0
BBY ORDS 1 0 ORDS BBY 0 0
DMG RBSM 1 0 RBSM DMG 0 0
DMG SOSL 1 0 SOSL DMG 0 0
GJBW RBSM 1 0 RBSM GJBW 0 0
HART DMG 1 0 DMG HART 0 0
INTS DMG 1 0 DMG INTS 0 0
INTS ORDS 1 0 ORDS INTS 0 0
JDV TPPM 1 0 TPPM JDV 0 0
MACP AIEX 1 0 AIEX MACP 0 0
MACP INTS 1 0 INTS MACP 0 0
MACP SBAR 1 0 SBAR MACP 0 0
MACP SHAD 1 0 SHAD MACP 0 0
MACP TPPM 1 0 TPPM MACP 0 0
MACQ TPPM 1 0 TPPM MACQ 0 0
MERL INTS 1 1 INTS MERL 0 0
MFGSA GJBW 1 0 GJBW MFGSA 0 0
MSDW MERL 1 1 MERL MSDW 0 0
MSDW SHAD 1 0 SHAD MSDW 0 0
MSDW TIMB 1 0 TIMB MSDW 0 0
ORDS JDV 1 0 JDV ORDS 0 0
ORDS SOSL 1 0 SOSL ORDS 0 0
ORDS TIMB 1 0 TIMB ORDS 0 0
PSL CMCS 1 0 CMCS PSL 0 0
PSL DMG 1 0 DMG PSL 0 0
PSL TPPM 1 0 TPPM PSL 0 0
RBSM TPPM 1 0 TPPM RBSM 0 0
SHAW AIEX 1 0 AIEX SHAW 0 0
SHAW RBSM 1 0 RBSM SHAW 0 0
SHAW TPPM 1 0 TPPM SHAW 0 0
SOSL JDV 1 0 JDV SOSL 0 0
SOSL MERL 1 1 MERL SOSL 0 0
TIMB BBY 1 0 BBY TIMB 0 0
UBSW SBAR 1 0 SBAR UBSW 0 0
UBSW SHAD 1 1 SHAD UBSW 0 0
AIEX MACP 0 0 MACP AIEX 1 0
AIEX SHAW 0 0 SHAW AIEX 1 0
BBY AIEX 0 0 AIEX BBY 1 0
BBY TIMB 0 0 TIMB BBY 1 0
BELL AIEX 0 0 AIEX BELL 1 0
BELL GJBW 0 0 GJBW BELL 2 0
BELL UBSW 0 0 UBSW BELL 2 2
CMCS AIEX 0 0 AIEX CMCS 1 0
CMCS PSL 0 0 PSL CMCS 1 0
CMCS UBSW 0 0 UBSW CMCS 4 3
DMG HART 0 0 HART DMG 1 0
DMG INTS 0 0 INTS DMG 1 0
DMG PSL 0 0 PSL DMG 1 0
GJBW BBY 0 0 BBY GJBW 3 0
GJBW CSUI 0 0 CSUI GJBW 2 0
GJBW DMG 0 0 DMG GJBW 3 0
GJBW MACQ 0 0 MACQ GJBW 2 0
GJBW MERL 0 0 MERL GJBW 7 7
GJBW MFGSA 0 0 MFGSA GJBW 1 0
INTS MACP 0 0 MACP INTS 1 0
INTS MERL 0 0 MERL INTS 1 1
JDV AIEX 0 0 AIEX JDV 1 0
JDV ORDS 0 0 ORDS JDV 1 0
JDV SOSL 0 0 SOSL JDV 1 0
MERL MSDW 0 0 MSDW MERL 1 1
MERL SOSL 0 0 SOSL MERL 1 1
ORDS BBY 0 0 BBY ORDS 1 0
ORDS GJBW 0 0 GJBW ORDS 3 0
ORDS HART 0 0 HART ORDS 3 0
ORDS INTS 0 0 INTS ORDS 1 0
ORDS MACQ 0 0 MACQ ORDS 2 0
ORDS MERL 0 0 MERL ORDS 14 14
ORDS MSDW 0 0 MSDW ORDS 4 0
ORDS PSL 0 0 PSL ORDS 2 0
ORDS SHAW 0 0 SHAW ORDS 3 0
PSL AIEX 0 0 AIEX PSL 1 0
PSL MACP 0 0 MACP PSL 2 0
RBSM DMG 0 0 DMG RBSM 1 0
RBSM GJBW 0 0 GJBW RBSM 1 0
RBSM SHAW 0 0 SHAW RBSM 1 0
SBAR MACP 0 0 MACP SBAR 1 0
SBAR MERL 0 0 MERL SBAR 2 2
SBAR UBSW 0 0 UBSW SBAR 1 0
SHAD MACP 0 0 MACP SHAD 1 0
SHAD MSDW 0 0 MSDW SHAD 1 0
SHAD UBSW 0 0 UBSW SHAD 1 1
SOSL CSUI 0 0 CSUI SOSL 2 0
SOSL DMG 0 0 DMG SOSL 1 0
SOSL INTS 0 0 INTS SOSL 3 0
SOSL MACP 0 0 MACP SOSL 3 0
SOSL MACQ 0 0 MACQ SOSL 2 0
SOSL ORDS 0 0 ORDS SOSL 1 0
TIMB AIEX 0 0 AIEX TIMB 2 0
TIMB MSDW 0 0 MSDW TIMB 1 0
TIMB ORDS 0 0 ORDS TIMB 1 0
TPPM JDV 0 0 JDV TPPM 1 0
TPPM MACP 0 0 MACP TPPM 1 0
TPPM MACQ 0 0 MACQ TPPM 1 0
TPPM ORDS 0 0 ORDS TPPM 2 0
TPPM PSL 0 0 PSL TPPM 1 0
TPPM RBSM 0 0 RBSM TPPM 1 0
TPPM SHAW 0 0 SHAW TPPM 1 0
UBSW HART 0 0 HART UBSW 4 3
UBSW JDV 0 0 JDV UBSW 2 2
UBSW MACP 0 0 MACP UBSW 27 23
UBSW MERL 0 0 MERL UBSW 4 4
UBSW MFGSA 0 0 MFGSA UBSW 4 4
UBSW MSDW 0 0 MSDW UBSW 4 0
UBSW PSL 0 0 PSL UBSW 4 1
UBSW SOSL 0 0 SOSL UBSW 41 38

IMO
DYOR