Here's a good explanation of algo trading, showing how pervasive and complex it is. Obviously, this reference doesn't say that it pushes micro caps down, because that's illegal, but it would be naive to think it doesn't. Yesterday's trading screams it to me. Just look at the XT's.
www.asx.com.au/documents/resources/listed-at-asx-summer-oct-algo-trading-roundtable.pdf
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.759M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500000 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 46000 | 1 |
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| Last trade - 16.21pm 27/06/2025 (20 minute delay) ? |
| UCM (ASX) Chart |
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