{"id":17628,"date":"2012-01-20T18:13:26","date_gmt":"2012-01-20T22:13:26","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=17628"},"modified":"2012-01-20T18:13:26","modified_gmt":"2012-01-20T22:13:26","slug":"credit-suisse-moronizes-market-at-close","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=17628","title":{"rendered":"Credit Suisse Moronizes Market at Close!"},"content":{"rendered":"

Credit Suisse is Broker #72. It is, of course, unclear as to whether CS’s traders actually saw or advised on these orders or whether it was someone with Direct Market Access for their code.<\/p>\n

CM.PR.L – last ten trades
\nTime Trade Price Size Change Buyer Seller
\n4:15 PM EST \t26.610 \t42,600 \t-0.590 \t002 \t072
\n3:59 PM EST \t26.610 \t100 \t-0.590 \t001 \t072
\n3:59 PM EST \t26.620 \t100 \t-0.580 \t079 \t072
\n3:59 PM EST \t26.620 \t800 \t-0.580 \t080 \t072
\n3:59 PM EST \t26.900 \t500 \t-0.300 \t001 \t072
\n3:59 PM EST \t26.910 \t700 \t-0.290 \t080 \t072
\n3:59 PM EST \t27.000 \t1,000 \t-0.200 \t079 \t072
\n3:59 PM EST \t27.010 \t1,500 \t-0.190 \t001 \t072
\n3:59 PM EST \t27.020 \t700 \t-0.180 \t080 \t072
\n3:57 PM EST \t27.070 \t200 \t-0.130 \t007 \t072<\/p>\n

They had a huge offer for CM.PR.L at the close<\/u>, but it was cancelled or filled prior to last<\/u> quotation. Looks like RBC (broker #2) (or somebody using their DMA) made a really nice purchase in the extended trading session.<\/p>\n

TD.PR.I<\/p>\n

4:15 PM EST \t26.320 \t4,300 \t-1.180 \t001 \t072
\n4:15 PM EST \t26.320 \t4,500 \t-1.180 \t001 \t072
\n4:15 PM EST \t26.320 \t1,500 \t-1.180 \t080 \t072
\n4:15 PM EST \t26.320 \t4,000 \t-1.180 \t001 \t072
\n3:59 PM EST \t26.320 \t800 \t-1.180 \t065 \t072
\n3:59 PM EST \t26.320 \t800 \t-1.180 \t065 \t072
\n3:59 PM EST \t26.320 \t800 \t-1.180 \t065 \t072
\n3:59 PM EST \t26.320 \t800 \t-1.180 \t065 \t072
\n3:59 PM EST \t26.320 \t800 \t-1.180 \t065 \t072
\n3:59 PM EST \t26.320 \t800 \t-1.180 \t065 \t072<\/p>\n

There may be more, but I won’t know until I do the day’s update.<\/p>\n

More! MFC Deemed Retractibles<\/b><\/p>\n

Less dramatic, but no less indicative of a complete absence of intelligence, are the last ten trades in MFC.PR.B:<\/p>\n

3:58 PM EST 23.900 100 0.450 072 007
\n3:57 PM EST 23.910 100 0.460 072 007
\n3:51 PM EST 23.910 100 0.460 072 007
\n3:50 PM EST 23.910 100 0.460 072 007
\n3:46 PM EST 23.920 100 0.470 072 080
\n3:45 PM EST 23.920 100 0.470 072 080
\n3:43 PM EST 23.930 200 0.480 072 007
\n3:42 PM EST 23.940 100 0.490 072 080
\n3:39 PM EST 23.940 100 0.490 072 080
\n3:37 PM EST 23.890 100 0.440 072 033<\/p>\n

That looks like an algorithm. So does the last ten trades in MFC.PR.C:<\/p>\n

3:58 PM EST 23.440 100 0.100 072 079
\n3:57 PM EST 23.440 100 0.100 072 079
\n3:56 PM EST 23.440 100 0.100 072 079
\n3:54 PM EST 23.440 100 0.100 072 079
\n3:52 PM EST 23.440 100 0.100 072 079
\n3:51 PM EST 23.440 100 0.100 072 079
\n3:49 PM EST 23.440 100 0.100 072 079
\n3:47 PM EST 23.440 100 0.100 072 079
\n3:45 PM EST 23.440 100 0.100 072 079
\n3:43 PM EST 23.450 100 0.110 072 002<\/p>\n

More! GWO.PRN<\/b><\/p>\n

This time it was somebody with – or through – TD that was alert and pounced during the extended trading session:<\/p>\n

4:16 PM EST 23.810 23,400 -0.780 007 072
\n4:15 PM EST 23.810 5,000 -0.780 001 072
\n3:59 PM EST 23.810 1,500 -0.780 080 072
\n3:59 PM EST 23.810 200 -0.780 001 072
\n3:59 PM EST 23.850 600 -0.740 007 072
\n3:59 PM EST 23.850 1,500 -0.740 007 072
\n3:59 PM EST 24.000 1,500 -0.590 007 072
\n3:59 PM EST 24.000 1,500 -0.590 007 072
\n3:59 PM EST 24.000 2,000 -0.590 007 072
\n3:59 PM EST 24.010 200 -0.580 002 072<\/p>\n

Non-moronic Credit Suisse purchase! SLF.PR.I!<\/b><\/p>\n

3:59 PM EST 25.000 56 0.010 072<\/b> 036
\n3:58 PM EST 25.000 34,300 0.010 072<\/b> 009
\n3:57 PM EST 25.000 900 0.010 007 009
\n3:57 PM EST 24.990 700 0 009 002
\n3:56 PM EST 25.000 400 0.010 007 002
\n3:56 PM EST 25.000 300 0.010 007 009
\n3:56 PM EST 24.990 700 0 009 002
\n3:55 PM EST 24.990 700 0 009 002
\n3:54 PM EST 24.990 700 0 009 085
\n3:53 PM EST 24.990 700 0 009 002<\/p>\n

Another non-moronic Credit Suisse purchase! BAM.PR.Z<\/b><\/p>\n

4:20 PM EST 26.200 40,000 0.110 009 009
\n3:59 PM EST 26.200 48 0.110 072<\/b> 052
\n3:58 PM EST 26.200 600 0.110 072<\/b> 001
\n3:58 PM EST 26.200 5,000 0.110 072<\/b> 001
\n3:58 PM EST 26.200 23,200 0.110 072<\/b> 009
\n3:57 PM EST 26.190 600 0.100 009 002
\n3:56 PM EST 26.190 600 0.100 009 002
\n3:55 PM EST 26.190 600 0.100 009 002
\n3:53 PM EST 26.190 600 0.100 009 002
\n3:51 PM EST 26.190 600 0.100 009 002<\/p>\n

Update! Moronic selling of TA.PR.D<\/b> (hat tip: Bobsterr<\/i> in the comments)<\/p>\n

4:15 PM EST 24.870 19,200 -0.810 002 072
\n4:15 PM EST 24.870 10,000 -0.810 001 072
\n3:59 PM EST 24.870 500 -0.810 065 072
\n3:59 PM EST 24.870 500 -0.810 065 072
\n3:59 PM EST 24.870 40 -0.810 002 036
\n3:59 PM EST 24.870 40 -0.810 002 036
\n3:59 PM EST 24.870 600 -0.810 002 072
\n3:59 PM EST 25.000 500 -0.680 002 072
\n3:59 PM EST 25.000 500 -0.680 002 072
\n3:59 PM EST 25.000 500 -0.680 002 072<\/p>\n

Nice catch in the Extended Trading Session RBC (#002) and Anonymous (#001)!<\/p>\n","protected":false},"excerpt":{"rendered":"

Credit Suisse is Broker #72. It is, of course, unclear as to whether CS’s traders actually saw or advised on these orders or whether it was someone with Direct Market Access for their code. CM.PR.L …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-17628","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/17628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17628"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/17628\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}