Question. Trying figure out what this means, if anything.
Occasionally I'll seen a cross trade go through at the bid for a trivial amount, say 60 lots, and then a few minutes later, another XT for 62 lots (a similar size to the first, but different) go through at the ask. This can go on for hours ? sometimes the first trade trades at the bid and sometimes at the ask.
The trading pattern doesn't seem to be trying to push the price in any particular direction. Any ideas what it might mean?
It would seem a unlikely that a given broker would be have two algos cross trading in opposite directions, and as a wash trade it *should* be disallowed.
