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Message: More Big Crosses under the cover of ATS

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More Big Crosses under the cover of ATS

posted on Jan 26, 12 08:35PM

Another wtf moment. A number of crosses today roughly of similar sizes as the Sprott PM Fund has listed as holdings. I stopped after researching 5 companies but they all had the same M O. All done through TD, all on the ATS and all within 1-2% of Sprotts holdiongs. This is the 4th time this has happened on this block of San Gold shares in the last 3 months. Right around settlement dates at the end of month.

The last cross had a differential of 23 cents. Multiply that by 7,431,100 shares. Not bad for a months worth of work. You want to know who pumps the price and paints the tape? There's the answer.

October 25

Trades for C:SGR on 20111025 - 100 trades displayed
Time ET Ex Price Change Volume Buyer Seller Markers
13:37:44 T 2.05 0.04 7,567,600 7 TD Sec 7 TD Sec K

December 1

Trades for C:SGR on 20111201 - 100 trades displayed
Time ET Ex Price Change Volume Buyer Seller Markers
11:18:38 T 1.99 -0.01 7,567,600 7 TD Sec 7 TD Sec K

December 22

Trades for C:SGR on 20111222 - 100 trades displayed
Time ET Ex Price Change Volume Buyer Seller Markers
15:21:21 T 1.65 -0.14 7,431,100 7 TD Sec 7 TD Sec F

January 26

Trades for C:SGR on 20120126 - 100 trades displayed
Time ET Ex Price Change Volume Buyer Seller Markers
12:40:24 A 1.88 -0.02 7,431,100 7 TD Sec 7 TD Sec K

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