Enable IPC Corp. (fka EIPC)

[satelliteguy]

"the order of orders placed determines whether it's registered as a Buy or Sell"

Right, that was my point. How IHub's "Trades" report categorizes the trade depends only on the sequence of the buy and sell (or sell and buy) orders entered by two individuals, and it makes no logical difference. If I put in a bid at 10:01 that you hit at 10:02, that's a "sell," but if you put in an offer at 10:01 that I lift at 10:02 that's a "buy"? Why would anyone consider that a worthwhile distinction? This whole "buy" vs. "sell" thing is an anachronism - left over from the days before individuals' orders were directly represented in the Level II quote.