Note: This article is not related to CCC fundamentals.However,...

Note: This article is not related to CCC fundamentals.

However, would give more clue about WHY & HOW the ASK and BID side are stacked, removed in a split second.

http://www.theage.com.au/business/secret-email-lifts-lid-on-richlister-plans-court-told-20120704-21hio.html

Below is a snippet from the article.

"....
High-frequency trading has been the forefront of a technological arms race in market trading.

Computers test prices by issuing buy or sell orders that can be withdrawn in milliseconds, giving traders an idea of the market's willingness to trade at those prices.

They can also earn tiny profits millions of times over from rebates provided by exchanges for being a market maker, or by being willing to buy and sell when there is a shortage of other traders.

Optiver's claim states how, in 2004, Optiver employees wrote a piece of programming code to improve its trading speed from 80 milliseconds to between 0.5 to 1.5 milliseconds, speeds with which mere mortals cannot compete.

The technological arms race has seen all the major investment banks in Australia take up the trading technique.

High-frequency trading has been the forefront of a technological arms race in market trading, starting out at the height of the global financial crisis.



Read more: http://www.theage.com.au/business/secret-email-lifts-lid-on-richlister-plans-court-told-20120704-21hio.html#ixzz1zi9GV3IL...."