Question about last minute trading in SPY.

NexusFi · 2014-12-16T16:10:37-05:00

For the past few weeks I have been watching the market close by looking at SPY for the last 5-10 minutes. I use TOS' Active Trader and I have noticed that everyday at 4:00 a trade is made that is always substantially larger than the volume at 3:59. For example today, the trade was 9,921,505 shares at 197.90. Does anyone know where this comes from? BTW: This is my first post. I joined a month ago and have just been peeping around. Sorry if I posted this in the wrong place. ~Thanks.

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Updated December 16, 2014

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Question about last minute trading in SPY.

December 16th, 2014, 04:10 PM	#1 (permalink)
Glove0102 Columbus OH, United States Posts: 1 since Oct 2014 Thanks Given: 0 Thanks Received: 0	For the past few weeks I have been watching the market close by looking at SPY for the last 5-10 minutes. I use TOS' Active Trader and I have noticed that everyday at 4:00 a trade is made that is always substantially larger than the volume at 3:59. For example today, the trade was 9,921,505 shares at 197.90. Does anyone know where this comes from? BTW: This is my first post. I joined a month ago and have just been peeping around. Sorry if I posted this in the wrong place. ~Thanks.