Increments of 100 or 2

Ni, Co, Cu, PGM, Au Properties in Ontario Canada

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excelr8tor

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Increments of 100 or 2

posted on Nov 29, 2007 11:27AM

Union and TD having been filling orders of exactly 100 or occasionally 200 shares for the past hour and right up to todays close, with no other buyers making any bulk buying of any other denomination.

Apart from what appears to be a manipulative manoeuver, can someone please explain to me why this type of trading occurs.(Goldman or TD were on the ask side and even though the lowest ask was 1.55 they were still able to fill these 100 lot orders below the top ask of 1.55) Interestingly enough TD would sometimes flip those 100 share to themselves.