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Posted On: 01/13/2017 8:51:39 PM
Post# of 633
Re: gmoneypenny #127
ACTUALLY, A PORTION OF THE T-TRADE WAS MINE. FRIEND OF MINE WORKS FOR CITADEL IN CHICAGO. THE WAY THE GAME IS PLAYED IS THE MARKET MAKER, IN THIS CASE CDEL PUTS YOU THE PRICE ( .003,.005, .006 AND SO ON) WHERE AS YOU SELL, CDEL BOUGHT THE TRANSACTION, THUS YOU GET MONEY TRANSFERED TO YOU BROKERAGE ACCOUNT. THE T TRADES THAT ARE BEING PLACED AFTER MARKET ARE A SERIES OF MATCH TRADES FROM MM, LIKE CDEL, WHO PUT A POSITION AT A HIGHER PRICE AND NOW BALANCING THEIR BOOKS.
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