I have a question regarding prints and execution. How do you interpret the following: Nasdaq Stock: On the Bid (OTB) On the Ask (OTA) Neither bid/ask (NBA) 18.65 100 OTB 18.65 100 OTB 18.65 200 OTB 18.65 100 OTB 18.65 500 OTB 18.65 300 OTB 18.641 1231 NBA 18.64 100 OTA 18.64 200 OTA 18.64 600 OTA 18.64 200 OTA 18.65 100 OTB 18.65 1000 NBA 18.65 1200 NBA 18.64 100 OTB And this action goes back and forth. Small lots on the bid/ask but when the spread widens, relatively larger volume comes in. Forgive me if this is VERY basic. Thanks erd0c
I think I may have found my answer on investopedia: "By looking for trades that take place in between the bid and ask, you can tell when a strong trend is about to come to an end. This is because these trades are often placed by large traders who take a small loss in order to make sure that they get out of the stock in time." My next question is: is it true for bottoms as well as tops? Thanks erd0c
Thank you for your email. Trades that are negotiated between institutions or are reported late are two examples of how a trade might not execute or are reported outside the bid or ask. Please let us know if you have any further questions regarding your account. Sincerely, Jon M. Scottrade, Inc. www.scottrade.com www.ScottradeElite.com