"One thing for sure, is the volume is un-ignorable."
"How Cross Trades Work?
Cross trades have inherent pitfalls due to the lack of proper reporting involved. When the trade doesn't get recorded through the exchange one or both clients may not get the current market price that is available to other (non-cross trade) market participants. Since the orders are never listed publicly, the investors may not be made aware as to whether a better price may have been available. Cross trades are typically not allowed on major exchanges. Orders need to be sent to the exchange and all trades must be recorded.
However, cross trades are permitted in select situations, such as when both the buyer and the seller are clients of the same asset manager and the price of the cross trade is considered to be competitive at the time of the trade."
Fife is an expert at 'pushing paper'.
JMO
News 
Market Data 
Discover 
