What a wild morning it's been on the TSX. Two stocks came to my attention in the early hours of trading.
LEX - Lexam, and GIX - Geologix Explorations
I have no idea how many others are out there that was hit with the same anomally.
For Lexam, the selling brokerage was Interactive brokers. Just prior to the drop down to .43, the last trade was .53, then .51.
A total of 20 trades went through from 9:53:59 to 9:54:02 (in 3 seconds)
Seller, Interactive broker, Buyer GOLDMAN
107,400 shares, with a large block of 77,500 sold by interactive, and bought by anonymous.
The next trade at 9:54:14 was at .73 cents
Goldman continued buying up to .73 and then switched to the sell side.
GIX - Geologix was similar
Starting at 9:53:26 Interactive brokers went on the sell side with the following trades
.49, .49, .485, .48, .45, .42, .405, .40, .39
the next trade was at .57
It appears that Interactive Brokers had some sort of computer glitch.
PMV was affected adversely by Interactive Brokers as well.
ReplyDeletethanks for sending that wpg. I had a look at it but it took so long to decipher the trades for vol etc. that I left that one. I'm sure there's probably many others as well.
ReplyDeleteTD had multiple warnings this morning, about unresolved trades from yesterday I believe, and indicating that totals would be incorrect and to trade with caution. Boy, was that right.
ReplyDelete