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Re: xyz1002 post# 15423

Friday, 07/25/2014 11:34:03 AM

Friday, July 25, 2014 11:34:03 AM

Post# of 55245
I don't know if the article is really about OTC completely. Some pieces of information that would help may help support the numbers in the OTC volume are mostly accurate:

1. ECN's help. All of us using electronic trading platforms that are connecting directly with one another are being reported accurately. (Per article)

2. Limit orders must be reported accurately. I don't know how many of you place market orders (or even are able to depending on stock, price, or platform), but those are the only ones that may be reported inaccurately. (Per article)

3. The article is more written against NASDAQ stocks, in which you can see this still run rampant. Crosscheck some of the numbers of volume from a random NASDAQ stock today with the FINRA total volume numbers. There will be some large discrepancies in random ones. (This actually answered a question I had on NEWL right before it got halted, and it was on NASDAQ. Almost 2 x volume reported than FINRA reg sho's total volume traded numbers.)


I would say, though, to double check the reporting is accurate look at the finra reg sho as well for a numbers base. Thank you very much for the info, though. It is great information to know.