*** TTP Communications : Starting to BLOSSOM NICELY ***

taylor20 - 16 Dec'05 - 07:13 - 687 of 692
A lot of the trades were 'X', not sure the implications of that beyond what ADVFN states they are:
"X - Cross at Same Price.
A transaction was effected as an agency cross or a riskless principal transaction at the same price and on the same terms (this requires one trade report)."

Re. the above
Can someone please enlighten me and I suspect several others on what X and AT trades are. They can’t count as normal trades as they are almost all down as buys today with no real movement on SP. I am presuming that X trades as so kindly stated by Mr. Taylor’s post above are trades within an organisation, say different departments of a broker which has one part that deals with the small cap and one that deals with the fledgling (like moving furniture around a house). As there is no real buy or sell only one trade report is needed to recognise the movement, in this case a sale report. As for Automatic Trades I haven’t a clue but I’m thinking they also must work in some similar way. If the above is correct and you only take the Ordinary Trades from today the picture looks quite encouraging despite the recent news and the exit of trackers which I presume has already started. The figure are as follows for the day- approx. Buys 580,000
Sells 240,000
Unknown 1,600,000

The unknown could be either way based on the price quoted. I’m afraid I’m new to a lot of this and would be grateful for a confirmation of the above and or anything else on the subject that anyone cares to post. Regards Stig.