Just a clarification on the 'bots'.
When an insto gives a VWAP (volume weighted average price) oder to a broker, they (broker) use their algos to do the accumulation.
They DO NOT pay per trade like us plebs. The bot will feed and then buy on a continuous basis (sometimes). Once the position has been accumulated say over 1 - 2 weeks, a consolidated contract note is sent to buyer with their brokerage added of course.This may be say $10k (brokerage) depending on the value of the order. Just examples but it should give a feel for how the big end works.
Bots generally means someone wants in but does not want to push price too much.
Note, it also works in reverse.
Hope this helps.
Just a clarification on the 'bots'.When an insto gives a VWAP...
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Last
$2.16 |
Change
-0.130(5.68%) |
Mkt cap ! $184.5M | |||
| Open | High | Low | Value | Volume |
| $2.28 | $2.29 | $2.15 | $73.74K | 33.14K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1449 | $2.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.30 | 1000 | 1 |
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