lowtrade

[lowtrade]

"T" trade code

When someone want to place a large order, buy or sell, they can ask the broker to protect the trade. The broker will make a number of smaller trades during the day and then they report the total transaction after hours. This way a large transactions can be made without effecting the daily trading action.

Basically it's called a protected trade order and can be for any reason or size. But mainly used as above.