Although a little curious as to why they cap sold @ 0.33 initially and then re-buying higher, I'm more intrigued to see Instinet having a piece of the pie in this holding and trading with decent volume the past few weeks.
They are quite selective for their customers and run through trading algo's. So charting
shockingly does play pivotal role for entry points for those wanting to top up/get in especially when we've been trading between the range of 0.28 - 0.41 the past 2 months.
From instinet execution experts
"The Experts offer a core set of strategies to address nearly every trading objective, with extensive controls to refine behaviour."
"Extensive market connectivity with access to most exchanges, alternative and dark liquidity sources"
"Custom algorithms assembled using the Experts' library of sophisticated tactics"
"Historical volume profiles reflect "special" trading days such as the US Federal Reserve's FOMC announcement, options expiry and month-end"
Experts Strategies
Benchmark Strategies
Execution Experts benchmark strategies maintain an optimal trading trajectory to balance market impact and benchmark risk.
- VWAP targets the volume-weighted average price
- TWAP distributes trades evenly across the trade horizon
- IS balances impact and dispersion from the arrival price
- TargetOpen balances impact and dispersion while trading during the opening auction
- TargetClose balances impact and dispersion while trading into and during the closing auction
- Auction automates access to market auctions
- TEN blends benchmark strategies
Participation Strategies
Execution Experts participation strategies trade at a targeted percentage of the market volume over the specified trading horizon.
- PART targets the specified percentage of market volume
- DynaPART adjusts target rate in response to price moves
- StepPART adjusts target rate within distinct price bands
Liquidity-Driven Strategies
Execution Experts liquidity-driven strategies trade adaptively, dynamically adjusting tactics based on real-time market data and analytical feedback.
- Nighthawk® intelligently aggregates dark-liquidity sources
- Cobra seeks liquidity with minimal signalling risk
- WORK™ dynamically adjusts tactics to market conditions
- MAKE™ provides passive liquidity over time
- BlockPeg® combines passive liquidity provision with block-seeking behavior
Pairs Strategy
Execution Experts Pairs strategy realizes the desired spread on a pair of equities for merger arbitrage, relative value and statistical pairs trading.
Q, you were pretty on point the last time BNS came aboard with the activities, you reckon this is just a proxy purchase by Goldman or could this be another insto coming on board?
