'The Exchange configured its trading system to automatically prevent the posting of a
buy order for PSE shares from accounts that will push it over the 20-percent threshold, or if it is still below 20 percent, but the matching of the
buy order will cause broker industry ownership to breach the 20 percent level,' Ramon Monzon, PSE president, said earlier.
"Who can honestly suggest that someone - me, people at Dexia or Marc-Albert Obadia - could know at the time of his purchase that in a month there will be another
buy order from Dexia?" Lemaire asked.
Justin Bates, analyst at the Liverpool office of stockbroker Numis, attributed the rapid rise to a badly executed
buy order, with a dealer giving the false impression he was in the market for a very large number of shares.
has announced it has seen a dramatic increase in the number of investors purchasing loans using the Standing
Buy Order feature of the firm's electronic secondary mortgage marketplace, www.pedestal.com.
If the money doesn't reach the firm three days after the
buy order, your dub may be fined or penalized and put on a restricted list.
The PSE configured its trading system to automatically prevent the posting of a
buy order for PSE shares from accounts that will push it over the 20-percent threshold, or if it is still below 20 percent but the matching of the
buy order will cause broker industry ownership to breach the 20-percent level.
Buy orders overwhelmed Tokyo stocks as the Dow Jones Industrial Average marked its second-biggest point drop ever on Thursday due to concern about rising US long-term interest rates.