Re: Missing order????
in response to
by
posted on
Mar 16, 2010 03:21PM
The company is now known as FUSE Cobalt.
Apparently my trade was completed on the Alpha trading platform... It seams that since I was willing to pay 20% more than the last trade price.... and hit the bid.... Some slick dirivative of my order was filled..
So have I actually bought another 10,000 shares or have I provided a short sale for a trade. I have serious issues that the market has dropped so low as to be in the penny market with such " Liquidity provider"
The other issue is that the person I was willing to buy those shares from has also been cercumvented having his sell steped in front of. This raises very real consequences for our markets as it means that someone else can jump the que on a trade... and thus the individual investor is at a termendous dissadvantge.... Was my trade actually sold to me at .11 and the intstitution taking an additional $100 off the table.... who knows because the market is not open and transparent!
Alpha ATS is a Canadian alternative trading system, created to facilitate trading of listed equities in the Canadian capital markets. Alpha ATS provides a high velocity/low-latency trading facility using state of the art technology. Alpha ATS was established with the goal of increasing liquidity and trading efficiencies in the equity marketplace, contributing to Canada’s position in the global capital markets.
Alpha ATS features a transparent, continuous matching platform where trading occurs through a Central Limit Order Book (CLOB) and other special order books. Alpha ATS facilitates trading in securities listed on TSX and TSXV.