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Post by serious on Jul 9, 2014 18:40:26 GMT -5
Hello LVS friends.
I received this alert while out and about today:
[' LVS' Sale price dropped to 71.0900] The following Stock Alert has been triggered compliments of Scottrade.com.
LAS VEGAS SANDS CORPORATION - Sale
I called the broker and he verified that the trades occurred but did not show on todays history. He said something about large company trades or something.
That is 3.02 less than the official low. Isn't that illegal to hide trades? Shouldn't the responsible floor broker company be investigated? It is evidently common, but common and accepted practice does not make it right.
Does anyone have any imput?
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Post by WC on Jul 9, 2014 19:39:09 GMT -5
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Post by inkwellandgood on Jul 25, 2014 16:35:57 GMT -5
re: block trades
not sure that would explain the discrepancy
my charts say the July 9 range was 74.11-75.92, matching the original poster's number
according to CME Block Trade regulations:
NYMEX & COMEX RA1313-4 Market Regulation Advisory Notice
"3. Time and Prices of Block Trades
Block trades may be executed at any time, including times during which the public auction market is closed.
Block trades must be transacted at prices that are “fair and reasonable” in light of (i) the size of the transaction, (ii) the prices and sizes of other transactions in the same contract at the relevant time, (iii) the prices and sizes of transactions in other relevant markets, including, without limitation, the underlying cash market or related futures markets, at the relevant time, and (iv) the circumstances of the markets or the parties to the block trade.
The trade price must be consistent with the minimum tick increment for the market in question. "
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