I had an "interesting" thing happen with an order that I placed today. I've only been trading for just under twenty years, but this didn't make sense at all. Now it involves KWG, so you might wonder why I'm posting it on this board, but the reason is because there are some knowledgable traders here whereas Stockhouse is full of crackheads.

I placed two orders this morning: One for 117,000 shares of KWG at a limit of 1.5 cents, and one for 5000 shares of Noront at a limit of 38.5 cents. None of the NOT came to me, and it expired at end-of-day. I'm not sure why I placed that as a day order when I placed the other for an expiry of December 29th.

Anyway, for the KWG order, there was an ask of 15,000 standing and visible (in my Scotia iTrade screen) when I placed my bid and that obviously got taken out right away. Later in the day, I got another 11,000 when someone sold at my bid, so my outstanding is now down to 91,000.

But the odd thing is that the number of KWG traded for the day was 38,953 shares. I had the first bid in line at 1.5 cents, and as noted above, I got 26,000 shares. But how did someone else get 12,953 shares at my bid price when I was first in line?

My Scotia iTrade accounts doesn't show time&trades for some reason, so I looked at the CNSX site to get more info. My second batch of 11,000 shares came from RBC at 2:21pm. Apparently, there was also another 12,000 shares from RBC to RBC at exactly the same time. So there are two things that confused me. First, why does the CNSX list 12,000 shares traded when the volume for the day seems to suggest that there were actually 12,953 shares in that other trade? And second, while it would possibly make sense that RBC can do a brokered cross from one account to another internally and skip the market bid priority, why would they do a partial cross and a partial sell to the market at the same time?

Very confusing.