TOPDWZ

[Brazen]

Do DB ever actually make a market? 10c spread forgodsakes. And don't defend them Simon, it happens more often than not. And sure you can phone and speak to good ol Ved, but in this day of internet trading why the f&*k should you have to. Pathetic.

[SimonPB]

bid only.

[#3]

B : Lovely 2c spread on SBKDBV.....

[#4]

Doesn't make sense. This ones gone from 200c to 5c.. You'd think they'd have bought most of them back by now? Anyways put in a bid for 24c, which is about right (?). Someone might sell.

[Brazen]

Thanks Zarpie! But Simon, it's always something with them. I can never do a DB wave trade without phoning. They are either completely inefficient or bloody crooks.

[#6]

Why don't SBK issue some waves? That spread must be profitable.

[SimonPB]

because they are bid only there are generally buyers in the market ahead of them, so they struggle to buy back.

[SimonPB]

well brazen, that be simple to solve. Take you business else where and trade other issuers.

[Brazen]

I'd like to. So why don't you lot offer us some waves?

[#10]

I trade waves solely, and I'd say 4/5 times I've sold to the market maker.

[#11]

Another thing: on Friday TOPDWZ closed at 30c. Yesterday TOPI lost 0.67% and today put on 0.54% (-0.13% all told) yet today they're bidding at 20c! Surely you can't tell me the futures market has moved up 33% (for the same value of TOPI +-)? Zarp, help me out here man... A conspiracy in the making.

[DCTrader]

Yeah this matrix needs to be adjusted... I complained of the same problems yesterday

[#13]

Perhaps they changed the croupier at the table.(caught me out like that once, at a little casino in the E.Cape.).###..However,SimonPB is the Sage to consult on the ways of WAVES

[SimonPB]

bid only = matrix no longer in force as issuer not selling and hence unable to control the price.

[mib]

where would you work out fair value and what they are prepared to bid?

[#16]

So they bid whatever they want? Summin's not legit here.

[SimonPB]

no they bid at FV (always do), but because they are not on the offer the price can run above FV.

[CE]

I put a trade in the system at 16h49 for TOPDWZ. Trade did not go through - called and was informed it is because the warrant market closes at 16h45 !!!!!!!

[#19]

Yeah, opens 9:10 and close 16:45... Trying to sell or buy?

[CE]

Thanks, thought it closes 10 to. Tried to sell.