wzebra33, I think you are right. I was told by my trading company that they report all transactions. If the transaction is a non US market trade it is reported as pink sheet gray market (no live bid and ask). So I guess what we are seeing is Addax US only traders that report in the pink sheet, ADDAX PETROLEUM (ADXTF.PK) "Gray Market".
See this post below for more on Gray market/pink sheet.
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