Trade Types And Sets Auction

This is a discussion on Trade Types And Sets Auction within the First Steps forums, part of the Reception category; Hi to all, I'm a newbie and am trying to learn to trade in this turbulent time!! Can anyone help ...

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Old Oct 27, 2008, 7:20pm   #1
 
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Trade Types And Sets Auction

Hi to all,

I'm a newbie and am trying to learn to trade in this turbulent time!!

Can anyone help me with an explaination of the stock market trading type UT and an explaination of SETS Auctions (what they are and maybe how they have an effect on trading)

I'm interested because I have been following AMEC shares today and watched the price dip at the end of the day. I was about to buy but got bounced off and then when I logged back on the market was closed and a few seconds later a UT buy came in which I'm sure is going to affect the price tommorrow. I attach a screen shot of the deal.

amec-ut-buy.jpg

As you can see (if I managed to attach file correctly!!) the size of the UT was huge compared to the rest of the trades and am thinking this will have a big aafect tomorrow morning.

thanks in advance

Tim..
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Old Oct 27, 2008, 10:44pm   #2
 
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At 750 and 1630 there is an auction, the UT trade is auctioned at the price where the LSE computer calculates that the most stock can be executed, if you've noticed a price drop during late afternoon and then seen volume go through in the auction then maybe someone had a large sale order to complete and tried to do it in the auction.

So.....the stock may be oversold as the large sale is finished


OR... maybe the large order wasn't completed and it will carry on tomorrow.

sorry can't be more help
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Old Oct 28, 2008, 12:01am   #3
 
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redsevi started this thread Thanks for the details much appreciated.

I'm a newbie so am getting my head around a lot of new terms etc.
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