longnshort, ASIC are allowing algo/hft trading because they say it provides price discovery & adds to the liquidity of the market. If you can call front-running existing orders as "price discovery"? Share price capping & dummy bidding in millionths of a second as adding to liquidity? All practices that are banned & violations of which result in fines in Real Estate industry.
I liken it to being at an auction where you don't see any of the other bidders, only you see the bids appear on a big screen in front of you where you don't know the difference between real people bidding & robotic/fake bids.
I sometimes wonder if it's the chart pattern/formation that determines the price movement or if it's actually the instos who bring about a chart formation in order to get the traders to behave in a predetermined manner?
Another humble thought,
Pandelis
EMC Chart, page-505
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Last
9.8¢ |
Change
-0.001(1.01%) |
Mkt cap ! $105.9M |
Open | High | Low | Value | Volume |
9.8¢ | 10.0¢ | 9.7¢ | $13.49K | 137.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12585 | 9.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 124214 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12585 | 0.098 |
2 | 209475 | 0.097 |
1 | 105263 | 0.095 |
1 | 50000 | 0.094 |
1 | 5799 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 124214 | 2 |
0.115 | 150000 | 3 |
0.120 | 272053 | 4 |
0.125 | 50000 | 1 |
0.130 | 90364 | 4 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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