Our Blocks

block/(ADV x .20)=time/days saved

*Days Saved:   The number of trading days it would have taken an investor to trade the amount of volume transacted in a given block since according to the Tabb Group’s report Truing the Block, “… large investors believe that 20% of the ADV is a reasonable amount of volume that can be safely and effectively bought without incurring negative market impact on price.”

block\bläk\n 1:   According to JonesTrading, any trade that is 20% or more of the average daily volume (“ADV”) for the security during the previous 90 trading days. 2: See NYSE Rule 72.