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The European Financial Stability Facility (EFSF) is a special purpose vehicle financed by members of the eurozone to combat the European sovereign debt crisis. It was agreed by the 27 member states of the European Union on 9 May 2010, aiming at preserving financial stability in Europe by providing financial assistance to eurozone states in economic difficulty. The Facility is headquartered in Luxembourg City, and the European Investment Bank provides treasury management services and administrative support to it through a service level contract.

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Hi all, here’s a question from one of my client on the meaning of buying up / selling down and the corresponding answer:

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Hi William,

Could you pls advice the following

Referring to the ” Time & Sales ” of a stock:

What is the meaning of ” Buy Up ” and ” Sell down ”

Example : If I buy UOB at $15.60 will it show in the Time & Sales as Buy Up?

Thanks

Rgds
Helen

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Morning Helen,

On your questions:

“Buy Up” – Trades that ‘hit’ the ask price.

“Sell Down” – Trades that ‘hit’ the bid price.

So, for example, if you plan to buy UOB – if your order is placed in queue (at current bid price or lower), and someone hit your buy price (i.e. bid price), it will considered a ‘Sell Down’.

Conversely, if you intend to buy UOB and the market price then at 15.50 (bid) / 15.60 (ask) and you buy immediately buy off the market at 15.60 (ask price), it will be reflected as a ‘Buy Up’.

In short, if there are a lot of ‘Buy Up’ through the trading day for a stock, that particularly counter is moving up strongly. Conversely, the reverse is true, i.e. the market / stock is weakening if there’s a lot of “Sell Down”.

Hope the above explains and addressed your question adequately. Should you need any further clarifications, please feel free to let me know.

Good day.

Kind Regards
William

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Preservation Of Capital: An approach whereby one adopts defensive stance towards maintaining / keeping the value of the capital to minimize adverse effect on the total value of the capital.

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