Often when I trade shares I cannot see evidence of the trade on trade monitors (ADVFN) even when less than normal market size, even hours later. Why not?
You are right to point out the normal market size aspect here. The idea trade reporting and of NMS is to make the market more transparent, so that those who deal are aware of what deals are being done and whether they are buying or selling orders. The rules surrounding this are quite complex, but as a general rule of thumb, anything below the “Publication Level” (which is normally six times NMS) must be reported within 3 minutes. Anything larger than this size may be reported (depending on the stock, segment and size of the order) from times ranging between 1 hour and 5 working days. I have also spoken with our dealing team, who have told me that they have had a few instances of clients asking us to confirm that their trades have been executed since, like yourself, they have been unable to find the reports on ADVFN. From what you say, it would appear that your typical trade will be trade reported immediately and it may well be that the ADVFN website simply does not pick up all trade re
Related Questions
- Often when I trade shares I cannot see evidence of the trade on trade monitors (ADVFN) even when less than normal market size, even hours later. Why not?
- Would it be possible to meet with an advisor on a weekend or a little bit later than normal working hours? Can I do advising by phone or email?
- When must a trade in an NMS stock or an OTC Equity security that is executed outside normal market hours be reported?
