At around 1.00pm today, over 4.8 million shares have changed hands, and importantly the share price is trending higher.
Nearly 4.5 million of today's share volume traded through a special crossing, which means the buyer and seller were likely pre-arranged, also known as a block trade.
With a large seller gone, buyers may now outweigh sellers, pushing the price higher
Block trades can be perceived in a variety of ways, one of the more positive perceptions is that the block trade takes a seller out of the market.
For example, if the holder of a large position starts selling their shares into the market, it will likely make the price go down.
This seller can be neutralised by a block trade where an equally large buyer is sourced.
The large buyer can be a single large investor or it can be a number of smaller investors pooled together by a stockbroker.
Proactive caught up with LiveHire in November 2018.