Replies to post #37077 on One Step Ahead

[Euthydemus]

If there is anyone anywhere who is more ignorant of how the markets work than that guy, I would be surprised.

Of course, he may just want everyone to hold off selling so he can dump his 100M shares at a better price...just a guess.

[prospector777]

By: Varok (vwap)
22 Mar 2005, 07:37 PM EST
Msg. 24711 of 24734
(This msg. is a reply to 24709 by billy9565.)
Jump to msg. #
I agree,but here is an explanation of VWAP.

Who would guess that Knight,one of the largest manipulators is knee deep in this whole mess,would have such a program.


Knight uses proprietary program trading technologies and expansive liquidity pools from our unmatched broker-dealer order flow to improve trade execution quality for our institutional clients.

Using proprietary program trading technology, our traders enter your large-sized orders directly into the market's computer system for automatic execution.

Access ECNs and exchanges;
Interact with institutional and broker-dealer order flow; and
Utilize selected algorithmic trading strategies.

FEATURES

Volume Weighted Average Pricing (VWAP)

VWAP trading minimizes market risk while maintaining client anonymity in the marketplace. With Knight, program VWAP orders are traded using a proprietary algorithm that incorporates more than 10 years of statistical arbitrage trading experience.


Guaranteed VWAP


Best Efforts VWAP


Limit VWAP


Point-to-Point VWAP

Control start and end times of client orders.
Orders are filled at the Bloomberg VWAPs for the time period specified.



Percentage-of-Volume Order

Allows clients to execute with volume, useful for days when the volume is outside of its normal parameters. For example, a large order can be executed over multiple days, staying at 10% of volume per day, allowing participation in market activity while attempting to avoid negative price impact.



Market-on-open


Market-on-close


Auto-execution for orders up to 5,000 shares


I don't think if one were to put in an order to sell at .50+ per share actually would execute such a trade..

I will say this...Since the halt the volume has been quite heavy and I'm sure, as I have stated in recent comments,
the MMs were caught with their shorts down and scambling to cover..

That is why I mentioned to hold..

Have a good day
Varok

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