User Research/Opinions   

Time and sales function

Headache . . . . do not trade share but invest share!

 

Hi everyone,

 I'm a new trader and i have a question for all you experienced traders out there. I have 2 different online trading accounts from different brokerages and just the other day i was looking at the time and sales tables on the first online brokerage account, and noticed that on the last column where they quote the 'buy/sell' action for that particular time and price, was a 'buy'. However, when i compared that to the second brokerage account, the same transaction which occurred at the exact same time and price, was quoted as a 'sell down'.

My question is, what exactly does this mean? Aren't they both the same trade and therefore should be listed as the same 'buy' action? How come on one brokerage its 'buy' and on the other is 'sell down'? Or could it be possible that the 2 brokerages are in some sort of tie up whereby one sells to the other and thus resulting in the opposite quote? (Sorry if this sounds noob to you but i really have no idea).

 Thanks for your advice and i hopefully you all understand what im trying to say!