Smoke Signals
Where there is smoke, could there be fire?
Marketmaker Demand
There are typically several MarketMakers dealing in a given stock. Sometimes, one MarketMaker
has an oversupply or demand which he can rectify by exchanging shares with another MarketMaker -
this transaction is marked as a MarketMaker-to-MarketMaker (MM-MM) transaction, usually taking
place at the mid price. Sometimes, when MarketMakers face unexpected high demand or supply of a
stock, these MM-MM transactions occur closer to the BID price (oversupply) or the ASK price
(high demand). This list identifies shares which have been exchanged between MarketMakers during
the past 60 minutes at the ASK price, due to unexpected demand.
Bargain Condition (T+) Buying
Typically, shares are bought and sold on a 5-day settlement basis, meaning that the actual settlement
of the deal takes place 5 working days later - this is often referred to as 'T+5'. Normally the settlement
time for the opening deal is the same as for the closing deal. Buyers are sometimes prepared to pay a
premium in return for an extended settlement period of up to 25 days.
This list identifies shares where investors have paid a premium for extended settlement during the past
60 minutes.
60-minute Risers
This table identifies those shares that have risen significantly within the last 60 minutes.
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