Although I agree with much of what you're suggesting ct, I think it's also important to understand that this small lot bot trading can additionally be simply used by a broker to automate the execution of a clients order at a VWAP or similar, and mightn't always be serving the purpose first thought.
Take the small lot orders in MAK that went through today (and there were quite a few of them), which you suggested were buys that were placed to push the price up to the next level. A run through of the days market depth and course of sales replay data shows that virtually all of these small lots were not buys, but actually placed on the sell side of the depth, and then filled by buyers, as part of their larger purchases.
Cheers
A
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.74M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $3.3K | 300K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 5834004 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 154900 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 5834004 | 0.010 |
4 | 4026000 | 0.009 |
4 | 904999 | 0.008 |
1 | 500000 | 0.007 |
5 | 10755000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 154900 | 2 |
0.012 | 1942510 | 5 |
0.013 | 1674703 | 6 |
0.014 | 2239999 | 3 |
0.015 | 2590146 | 5 |
Last trade - 10.00am 04/10/2024 (20 minute delay) ? |
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