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Namtro

03/08/21 2:50 PM

#135324 RE: PayDirt! #135322

100 - I need Shares.
200 - I need Shares badly but do not take the stock down.

shotsky

03/08/21 4:44 PM

#135442 RE: PayDirt! #135322

No, those are not trades. They are 'tranches'. All orders that are not AON may be filled in tranches. In other words, if you have a buy, and get it in 10 'pieces', you will see those pieces on L2. All such small 'orders' in stinky pinky land are just the MM's buying and selling small bits to fill orders.
Back in 2017, I bought 1 mil shares of a company, perhaps NSAV, I don't remember. It was filled with 999,999 and ONE separate tranch for ONE share. You would have seen that 1 on L2 and asked yourself who would buy 1 share...that's not how it works. You see every tranch, not just complete orders.