And, read one of your previous posts.
I don't know everything there is to know about T-trades; my basic understanding, so I thought; is they are filed after trading hours as a cumulative average share price sold of multiple trades by a single seller during the day. I thought I understood it, that those trades wouldn't show up as they sold, but got posted after the block was complete and an average price arrived at, generally after close. Any experts here? please chime in. But, now not so sure my understanding is correct.
And after running some numbers, I'm not so sure those big Block t-trades at days end are large EOD buy blocks. I did some math of all trades(the best I could do was scottrades one day one minute chart, but seems accurate as trades were pretty spread out yesterday.
So the T-trade was 11,100,000.
When you subtract that from the total volume posted at the end of the day(which was 24,902,275), you get 13,802,275. That is the actual volume posted during trading hours.
So I made a "what if" speculative assumption. What if all the trades from seller X got posted as "buys" during trading hours and the T-trade was posted as a "sell" EOD(or vice versa) to give the illusion of more shares traded than actually were. So, now subtract the T-trade from trading hour volume, to remove Seller X's shares from the trading hours mix and you get 2,702,275.
There were 15 trades during the day that I counted on Scottrade one day one minute chart. Of those 15 trades, there were 5; that when added together, equal exactly 2,702,275.
Again, not an expert, just a thought with logic, and maybe an explanation? Is that someone is legitimately showing more daily volume than actually went through by manipulating the numbers
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