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patchman

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patchman

Re: PennyNewby post# 26936

Wednesday, 03/02/2011 7:00:52 PM

Wednesday, March 02, 2011 7:00:52 PM

Post# of 30337
the seller entered the order at the beginning of the day and told the MM to work the order not knowing what trade volume today would be. the MM worked the order thru the day and sold what was asked. The t-trade at the end of the day was the calculated cross price based on the average price of all trades executed and agreed upon margin. these trades are posted EOD due to this calculation factor and because it is a cross.
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