Wowee - High Frequency Trading at its worst. Did everyone see that real flurry at extraordinary speed of shorting bot trades just after the matched opening? Actually it started DURING the opening - loads of tiny bot trades when there is absolutely no need for there to be any at all. The opening bids and offers will be matched regardless of size of trade.
Someone couldn't wait to get stuck into PDN this morning.
Now it seems to have settled down - at least for now - and bounced a bit.
HFT is the scourge of modern markets - check out:
http://www.nanex.net/FlashCrash/OngoingResearch.html
and
http://www.forbes.com/sites/investor/2012/01/03/high-frequency-follies/
wow: just look at those shorting bots go
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Last
$12.48 |
Change
0.060(0.48%) |
Mkt cap ! $3.724B | |||
| Open | High | Low | Value | Volume |
| $12.45 | $12.76 | $12.26 | $26.57M | 2.124M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6286 | $12.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.48 | 5038 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |