- Feb
- 11
- 2009
- 2:37 PM
In a Sea of 100-Share Prints, MatchPoint Trades Stand Out
- By: Jim Ross
- File Under: MatchPoint
Though MatchPoint is still in its infancy, it is already proving its potential with its initial prints to the tape. In a sea of faceless 100-share prints, MatchPoint trades stand out! For example, on Monday, MatchPoint executed the following matches (three among many and forgive the formatting):
Ticker Shares Price Time
SLT 2,900 $5.655 14:00:17
DVA 2,600 $45.870 10:00:24
SMTC 2,200 $13.155 13:00:23
Each of these trades (as small as I admit they are) dwarf any of the surrounding prints at the same time. And each MatchPoint print is clearly identified as an NYSE trade with an "X" identifier. And still, MatchPoint's collective participant approach prevents even users (and tape-watching predators) from knowing whether a MatchPoint trade was against one large contraside or a combined contraside of many smaller users.
Liquidity aggregation, complete informational control and trade transparency all at the same time! Proof is on the tape and in your trading performance...unless, of course, you are not participating! Looking forward to seeing you on MatchPoint.
Comments
"and tape-watching predators"
Wow, there goes your objectivity...
by anomynous on February 18, 2009 12:08 PM
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