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4.2¢ hygrovest limited

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04/04/17

20:39

Post #: 23856411
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Originally posted by serge83 ↑

Algorithmic trading is a method of executing a large order (too large to fill all at once) using automated pre-programmed trading instructions accounting for variables such as time, price, and volume[1] to send small slices of the order (child orders) out to the market over time. They were developed so that traders do not need to constantly watch a stock and repeatedly send those slices out manually. Popular "algos" include Percentage of Volume, Pegged, VWAP, TWAP, Implementation Shortfall, Target Close.

Algorithmic trading is not an attempt to make a trading profit. It is simply a way to minimise the cost, market impact and risk in execution of an order.[2][3] It is widely used by investment banks, pension funds, mutual funds, and hedge funds because these institutional traders need to execute large orders in markets that cannot support all of the size at once.

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Hey guys, newbie here. If the above applies to any stock on any given day, say MMJ, would it be fair to expect every 'slice' to be even? Let's say an insto placed a sell of 1,000,000 units and the algorithm said it should be broken up in slices of 10, wouldn't you see 100,000 trades of 10 shares apiece, not completely random small amounts?

MMJ Price at posting: 70.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.2¢		Change 0.001(2.44%)		Mkt cap ! $8.622M

Open	High	Low	Value	Volume
4.2¢	4.2¢	4.2¢	$546	13K

Buyers (Bids)

No.	Vol.	Price($)
2	291807	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	13115	1

View Market Depth

No.	Vol.	Price($)
2	291807	0.041
1	12500	0.040
1	26800	0.037
1	25000	0.020
1	288888	0.012

Price($)	Vol.	No.
0.042	13115	1
0.043	12077	1
0.045	97877	4
0.047	55000	2
0.049	130000	2

Last trade - 15.01pm 25/07/2024 (20 minute delay)

HGV (ASX) Chart