dailos, MMs do have three digit codes, but they don't appear as part of the trade code. |
JonC
I'm not saying the broker has a code, the MM does so i am told. Your broker probably puts your order to an automated process and gets picked up by one of a number of MM.
Posted this after buying some BSY a while ago, did it on the phone through a broker, who, when it came up on my screen as filled, said " 648p been picked up by ?????????(MM name, cant remember) asked him how he knew which MM picked it up he replied " by the 3 digit code"
Either hes having a laugh or........ |
You carry on dailos, am interested.
Paul |
OK
to wet your appetite........
Warburg 002
Winterflood 801
Merrills 686
Strauss T 725 (aus)
Jenkins 451
BZW 198 (i think)
Edit, am still gathering info on this, now understand Warburg has 002, 102, 302
WINS 701 801 901, will post further when i know (providing i dont get too much flak in the meantime!) |
Paul,
Ihave done several trades in the same stock with the same broker and the codes were not identical in fact they were very different.
JC |
Paulismyname: as everyone has said sadly the year number at the end is actually the most useful piece of information.
The first digit or letter identifies a sequence of numbers. There appear to be 16 sequences from which numbers are allocated (perhaps there are 16 servers receiving trades from the market). The digits after the first digit (apart from the last two which are the year) form the sequence number, again using both letters and digits. If you take all the trades with codes beginning with a given digit or letter, you will see that the sequence number increments with each successive trade, taken across the whole market chronologically. Not very useful. |
Identity of the trading parties is ment to be assured. ie no one can figure it out, or thats the theory. Thats always been a market protocol as far as Im aware so it should be impossible to disentangle IMHO. |
Humdinger; I think I will. I don't think they understand how trades are booked to book and the reporting sequence. |
Here's some info - well lots actually, on individual Marker Makers and their codes, Crest, Firm Code, SEAQ, BIC Code. Doesn't seem to be a connection with any of those codes and the individual trade codes. In fact the trade code only needs to be a unique code that can be cross-referenced with another set of records containing all the necessary information - no need for it to be embedded. |
Last 2 digits are the year IMHO, I have checked about 25 tickers over two or three days trades. That cannot surely be random. I have been thinking about this whilst doing my day end post, computers think binary therefore every number and letter will have its binary equvilent, maybe I will render it down and go from there. Another idea is to get one of my brokers to buy and sell a few shares in the same company on the same day.
No disrespect intended Mike |
Mike - give in.
Personally I think it is a conspiracy :-)
But if it isn't a conspiracy why not check out the L2 order book and all the single/very small trades - when you have worked out what they might mean you could be on to a winner - DYOR but here's the only clue I'm gonna give you - think laterally 'cos the trades themselves don't matter and they aren't to say they are a shareholder so they get the annual report and accounts.
Good luck |
Cant be random,if i questioned the trade the broker must be able to go back to the mm he bought it from and question him therefore if for instance it was a trade in vod approx 12-15 mm the code must at least be able to identify the mm or he would not have a clue who he bought it from,and i dont believe that.Also how would he know what mm to pay. |
P: in the good olde days it was coded(and great fun to trade) but since SETS it became a random sequence. Ring the LSE for peace of mind. |
Paulismyname think you could be right,quite often the first four or five numbers repeat during a trading session.Dont know the reason could be the mm tag.Think i will do a bit of research. |
The last two digits show the year.
Do I win a prize? |
Paulismyname
People worry far,far,far too much about individual trades and the different bits of minutae associated with them. Personally I am never really sure what the basic stuff is like an "AT", or "O" trade and it hasn't done me any harm I don't think.
IMO it is a complete waste of time and effort. If one was to find out all this info, what can actually be deduced from it? If it was a hedge fund selling short then someone was buying. If it was a fund manager buying then someone sold them to him. It does not matter.
The trade happens, the price moves, another trade happens, etc. Don't worry about it would be my advice. |
Sorry Bullshare but this is one the the occasions when typing rather than verbally asking a question can cause a misundertanding. I was trying to cut/paste and space the trade information at the top of the thread when you replied simaltanisionly. No offence taken on my part.
But IMHO it cannot be random otherwise whats the point of the code number. It identifies the trade, thats on the ADVFN site. If it identifies the trade it must surely identify the source, thats only logical |
Paulismyname.
I echo Bullshares expanation, no hidden info can be gained from these numbers. |
Paulismyname: I am sorry but i am not playing this game. You asked a 2 line question which I answer. You then change your question completely by editing and adding 3 large paragraphs and making my answer puerile. I have therefore edited my post.
FYOR its is completely random, no codes , no MM''s etc. |
Yes thanks for that link martini, it does express precisely my question, which has not been answered........................................
If it was possible to decipher the code I would be able to identify the broker and possibly the MM. Using other publicly available information sources I would then be able to make an educated guess as to if it was a private or institional trade. If it was an institional trade again I may be able to discover if it was a standard unit trust, managed fund type buy/sell, or if it was a hedge fund :) Do you now see my point |
Paul
Thought this had come up before.
Try this thread.
M |
bullshare read it again, and martini yes before you edited your reply I am aware it may be a primary number binary code |
M
Ooops sorry edited it out so no one can see.
Sorry
M
PS
Sorry Paul for messing up your thread |
Martiniu; sssssh!!! |
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