Why aren't footprint charts used with stocks? - futures io
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Why aren't footprint charts used with stocks?


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Why aren't footprint charts used with stocks?

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  #1 (permalink)
b4tty
London, UK
 
 
Posts: 2 since Oct 2021
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I'm still a complete novice and have been looking into stocks as well as futures. I recently found out about footprint charts, these seem extremely useful but everything I've found and read online has been using them with futures and I cant find any examples of people using them with stocks? Is there a reason for this?

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 jneedle 
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Because with a particular futures contract, all orders flow through the exchange that's handling that contract. With stocks, there's less transparency--a particular stock can be bought and sold in many different ways on different exchanges as well as traded privately. Stocks have actual certificates indicating ownership which can be registered and transferred through any broker without going through any central exchange. Futures contracts are virtual--they exist only as electronic data.

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b4tty
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jneedle View Post
Because with a particular futures contract, all orders flow through the exchange that's handling that contract. With stocks, there's less transparency--a particular stock can be bought and sold in many different ways on different exchanges as well as traded privately. Stocks have actual certificates indicating ownership which can be registered and transferred through any broker without going through any central exchange. Futures contracts are virtual--they exist only as electronic data.

But as far as I understand it private trades have to be reported within 10 seconds meaning they'll show up on time and sales and therefor the footprint?

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 jneedle 
San Jose, CA
 
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There are reporting requirements as you say for market makers for exchanges. But there's a lot of stock transactions, such as many block trades, that are regarded as distributions that don't have to be reported at all.
https://media2.mofo.com/documents/faqs-block-trade-reporting-requirements.pdf

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