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Re: SooS416 post# 2972

Wednesday, 08/04/2021 11:59:34 AM

Wednesday, August 04, 2021 11:59:34 AM

Post# of 4520
You say you get it but you don't. The MM to MM volume is the one that's reported, thus if the selling firm had no shares it will show as a short even though they bought the shares right away from their customer who sent the sell order.

FINRA rules provide for the public dissemination of only one of the trades (the trade between the two firms) so as not to overstate the reported volume.5 If the firm facilitating the customer long sale order has either no position or a short position in the security in its trading account, the trade with the other firm is reported as short and included in the short sale volume calculations in the Daily File. The volume associated with the firm’s purchase from its customer, however, is not reflected in the Daily File. Thus, the firm’s short sale is included in the short sale volume calculations without any indication that it is associated with an offsetting purchase to facilitate a customer long sale.