VPG 0.00% $1.79 vodafone group plc.

3886 shares, page-2

  1. 2,922 Posts.
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    ####Can anyone explain to me why in pre-open there are a good number of sellers offering 3886 shares for sale at various levels? I assume it is all the same seller, but have no idea why it would be like that.#####

    I believe that in many of these cases it is a broker telling other brokers that he has a buyer or a seller with a large position.
    2 years ago brokers were the only people allowed to see the other brokers codes along side their bids, so it was easy for one to contact the other and arrrange an "off market" sale. (this is no longer allowed, U bids were also stopped).
    Nowadays they advertise their intentions buy using a string of the same numbers in the market depth 1178 1178 1178 on the buy or sell side, he simply rings up his pal and says "if you ever seen 1178 in the depth give me a call".
    I have also seen this method used on OXR.
 
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