The exchange code 'D' (no one can exactly answer this ? 100%)

Discussion in 'Stocks' started by WhiteOut56, Nov 19, 2010.

  1. If you look at a time and sales you'll see a ton of trades go off on the market 'D'. If you go to Sterling's website you'll see 'D' is denoted as FINRA.

    So I called and talked to the rep (who was very helpful) and he said that 'D' used to be the ATF (alternative display faculity). And then he said it is a non specific nasdaq exchange. I still didn't get what that was and he explained well you see for example "EDGA... that is a specific exchange", all the smaller exchanges are classified under 'D' which would be nasdaq non specific. So he emailed me a list of exchanges, which would be nasdaq non specific.

    I see these. I know these are routing strategies. Is this what would classify under 'D'???

    NSDQADOT Nasdaq Singlebook - DOTA
    NSDQDDOT Nasdaq Singlebook - DOTD
    NSDQDOTI Nasdaq Singlebook - DOTI
    NSDQIDOT Nasdaq Singlebook - DOTI
    NSDQMDOT Nasdaq Singlebook - DOTM
    NSDQIO Nasdaq Singlebook - Imbalance Only
    NSDQMOPP Nasdaq Singlebook - MOPP
    NSDQSAVE Nasdaq Singlebook - SAVE
    NSDQSCAN Nasdaq Singlebook - SCAN
    NSDQSMART Nasdaq Singlebook - SMART
    NSDQSTGY Nasdaq Singlebook - STGY
    NSDQTFTY Nasdaq Singlebook - TFTY


    or would these me classified under 'D'???

    DARK NFS - DARK
    FADE NFS - FADE
    NFS NFS - Fidelity
    PDQARCA PDQ ARCA ROUTE
    PDQBATS PDQ BATS Route
    PDQEDGA PDQ EDGA Route
    PHLX Philadelphia Stock Exchange
    PIPE Pipeline
    QIKD QIKD - Nexa/ITS QIKD Route
    QUIK QUIK - Nexa/ITS QUIK Route
    ATSBOOK Sungard ATS route
    DISP Sungard ATS route
    DPING Sungard ATS route
    DSWEEP Sungard ATS route



    There is just so much Stuff traded on 'D' I just need to know what the hell is D?????
     
  2. exaltedangel09

    exaltedangel09 Guest

    D is all the dark pools and edgea.
     
  3. I think most market makers print under D in time and sales.

    So if you route to a NITE, CITI etc... fills will print on D
     
  4. d138

    d138

    That's right it's trade reporting on FINRA.
    EDGAX became exchanges recently.
     
  5. D is dark pools or late trades. Any trade that occurred not on a public exhcnage.
     
  6. D is for ADFN, (Trade Report Facility LLC),
    the equivalent of "others" in the tape.


    To figure out more specific info you have to look at the SubMarketId



    from UTDF:
    http://www.nasdaqtrader.com/content/technicalsupport/specifications/utp/utdfspecification.pdf


    Code Value
    Q NASDAQ OMX TRF
    A NYSE Amex TRF
    B NASDAQ OMX BX TRF
    C National Stock Exchange TRF
    I International Securities Exchange TRF
    J EDGA Exchange TRF
    K EDGX Exchange TRF
    M Chicago Stock Exchange TRF
    N NYSE Euronext TRF
    P NYSE Arca TRF
    W Chicago Board Options Exchange TRF
    X NASDAQ OMX PHLX TRF
    Y BATS Y-Exchange TRF
    Z BATS Exchange Inc TRF
    <space> No sub-market; Trade originates from FINRA Alternative Display Facility.