A trade marked "T" is a fixed protected trade usually put thru at end of day.
Basically I ring up MM's and say I want to sell 100k of EDG when price is 127p . They say your having alaugh I will give you 110p .
I say get stuffed I want 120p mimimum, see what you can do for me.
MM then starts to work the trade during the day and at end of day will put thru the 100k marked "T" at wahtever price he managed to get. Sometimes he might only be able to shift 50k and so 50k would be sold and the worked trade is closed.
Basicall the sell is undisclosed till MM wants to to give him time to work it thru without disclosing the big sell . Sometimes they will post the T trade stright adfter its done other times at close of business . Depends what impression he is trying to give to the mkt
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