Monday, January 03, 2011 1:55:54 PM
http://www.charlesd.net/showthread.php/1332-What-is-a-T-Trade
The most logical situation is that Brokers had to settle between themselves on shares that were "borrowed" during the day. So, if Broker A gets an order to Buy shares of a Stock that it does not have in its inventory it must borrow those shares from somewhere. Then the SEC gives them the responsibility to Close that deal within just a few minutes of the Market close. That is most normally what the T-trades mean.
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