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1000 shares on the NYSE.
If IBM were listed on the NASDAQ then:
2000 shares on the NASDAQ if 2 dealers were involved otherwise 1000 shares
on the NASDAQ.
Patrick White
----- Original Message -----
From: <Canyon678@xxxxxxx>
To: <stnahc@xxxxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Thursday, November 11, 1999 3:40 PM
Subject: Re: volume - nyse vs. nasd
> If I buy 1,000 shares of IBM on the NYSE , what is the volume
>
> I buy 1,000 shares
> Some one sells me 1,000 shares.
> In this example, is the volume 1,000 or 2,000.
> > NYSE - centralized transaction processing, so each trade has its volume
> > recorded once.
>
>
> Last time I checked with Jefferies ( ECN , Los Angeles), If they crossed
the
> trade , they reported it twice.i.e. One dealer, 1000 to buy & 1000 to
sell,
> the volume reported was 2000 (for all exchanges )
> Note: since this is ECN, it could be valid for all markets.
> > NASD - dealer mkt, so if the trade is done thru 2 different dealer, the
> > trade volume is reported twice. if the trade is done thru 1 dealer by
> > crossing between 2 clients/pros, then it will be reported once only.
> > so, the volume does not make any sense in NASD :)
> >
>
>
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