Here's an article by some pros...
On NYSE "trade throughs" and "out of sequence prints".
It may be 4 years old... but I doubt much has changed.
http://www.hedgefundnews.com/news_n_info/article_detail.php?id=266
Their Conclusions:
(1) You are entirely at the mercy of an NYSE that is above the law...
Because the "out of sequence print" is a license to steal.
(2) Honest, in compliance executions...
Can ONLY be found on certain electronic exchanges.
(3) People data-mining NYSE data for "patterns"...
Are unknowingly crunching out-of-sequence data.
This is the reality...
White Collar Crooks are much smarter than lowly Technocrat Regulators.
Evolve or die.
On NYSE "trade throughs" and "out of sequence prints".
It may be 4 years old... but I doubt much has changed.
http://www.hedgefundnews.com/news_n_info/article_detail.php?id=266
Their Conclusions:
(1) You are entirely at the mercy of an NYSE that is above the law...
Because the "out of sequence print" is a license to steal.
(2) Honest, in compliance executions...
Can ONLY be found on certain electronic exchanges.
(3) People data-mining NYSE data for "patterns"...
Are unknowingly crunching out-of-sequence data.
This is the reality...
White Collar Crooks are much smarter than lowly Technocrat Regulators.
Evolve or die.