Say huh?

[ghotib]

Why would someone have bought ONE (1) share at 62 cents? The company is PCG and the pre-open bid was actually 64 cents. But one share????

Any ideas?

Ghoti (puzzled)

 

[Smurf1976]

The last share of a partially filled order from yesterday?

 

[ice]

It would almost certainly be a broker doing a crossed or overnight trade.

They have to enter the trade into SEATS so that it gets into the system so they usually put 1 share on the market depth to secure their spot in the queue. Parodoxically despite the 1 it's often a large parcel.

Anyway it's just a technicality.


ice

 

[Happy]

Most of the times 1-share trade doesn’t take place, unless they forget to remove it.

What really surprises me is when 1 share order is reversed with (–1) share and both are recorded, they bother to do it and all is acceptable.

Would be nice if there is 1 queue thou, but not any time soon.