| Author | Message | ||
     Ajaatasatru Pilla Bewarse Username: Ajaatasatru Post Number: 728 Registered: 04-2016 Posted From: 209.67.156.8 Rating: N/A |
Yes, the Client ( Infy ) gives a Price Target or a Price Band. But the way Sell side executes, is always an algorithm with a band. i.e If client gives a Target, say 920INR, 2M shares and brokerage within this week is able to buy 2M at 915 Avg price, so the net is pocketed by the Bank. i.e 10M INR. aa 10M meeda lekkalu vastunayi ee madhya, its a entire study in itself. VWAP,TWAP etc are kind of algorithms that are primarily used by Banks/Brokerages... brahma satyam jagan-mithyä jivo brahmaiva näparah |