Haven't waded through all of this but aren't you guy's discussing an"iceberg" where only a portion of a large order, buy or sell, is visible to the mkt, but automatically reloads as the previous portion clears? You can either preset the portions or just let your broker feed the mkt, simply lets you hold the head of the queue at given price point, pretty effective tool here where generally only a fraction of the buy/sell orders are visible.
Pretty standard practice, and all trades recorded.
Frankly I'm more interested in just what was driving the SP.
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