longnshort, ASIC are allowing algo/hft trading because they say it provides price discovery & adds to the liquidity of the market. If you can call front-running existing orders as "price discovery"? Share price capping & dummy bidding in millionths of a second as adding to liquidity? All practices that are banned & violations of which result in fines in Real Estate industry.
I liken it to being at an auction where you don't see any of the other bidders, only you see the bids appear on a big screen in front of you where you don't know the difference between real people bidding & robotic/fake bids.
I sometimes wonder if it's the chart pattern/formation that determines the price movement or if it's actually the instos who bring about a chart formation in order to get the traders to behave in a predetermined manner?
Another humble thought,
Pandelis
EMC Chart, page-505
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Last
12.5¢ |
Change
0.010(8.70%) |
Mkt cap ! $135.1M |
Open | High | Low | Value | Volume |
11.5¢ | 12.5¢ | 11.5¢ | $3.954K | 33.31K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 22222 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 55362 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 22222 | 0.120 |
5 | 288881 | 0.115 |
5 | 310258 | 0.110 |
2 | 240000 | 0.100 |
1 | 10111 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 46392 | 1 |
0.130 | 52636 | 2 |
0.135 | 50000 | 1 |
0.140 | 148092 | 5 |
0.145 | 220000 | 4 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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