WBT 2.42% $1.91 weebit nano ltd

Hi patawa......... a possible notice of a cross trade. Many...

  1. 5,273 Posts.
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    Hi patawa......... a possible notice of a cross trade. Many years ago- I worked in a Broker's Office. This may have changed am not sure now.

    When a Broker wants to cross a trade (one of his clients selling and one buying -same stock ) the Designated Trader (DT) (market operator) has to advise/warn the market of this type of trade by:-
    1 share bid (buy) - 1 share ask (sell) one pip below / above the than market price. Then the DT enters the actual trade for what ever volume etc. Some times the DT's forget to cancel the 1 on 1 and so it looks like someone is buy/sell 1 share. Many a time I ended up with 1 share - cannot remember how it was settled now ?

    Also there may be an Estate - Divorce Settlement to wind up- error in some previous trade etc some time ago. Not WBT, but a missed dividend etc etc. Or just someone playing silly bugg--s


 
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