It's High Frequency Trading, or HFT as mentioned by Ninelives, BOTS that are programmed to buy and sell minute parcels making only a few cents on each trade if that. Every day they makes millions of trades which amounts to millions of dollars in aggregate.
WA1 is a highly volatile stock with drastic swings intraday which I believe is attractive to their programming and filtering of which stocks to play.
These HFT firms are big players, especially in the US and pay huge money to be right next door to the exchange and have a high bandwidth cable directly into the exchange to have the fastest trades at a millionth of a nanosecond, therefore frontrunning any and all trades to make the most money.
There was one firm in the US that did not have a losing day in years, this was several years ago so that may have changed now.
There's not much point in whinging or complaining about it, I just accept it and move on, being in the right stock over time will render it null and void anyway and provide a little liquidity.
- Forums
- ASX - By Stock
- General discussion
It's High Frequency Trading, or HFT as mentioned by Ninelives,...
-
- There are more pages in this discussion • 9,015 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WA1 (ASX) to my watchlist
|
|||||
Last
$15.19 |
Change
-1.120(6.87%) |
Mkt cap ! $992.4M |
Open | High | Low | Value | Volume |
$16.10 | $16.10 | $15.11 | $2.531M | 162.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1014 | $15.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.24 | 435 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1506 | 15.170 |
1 | 785 | 15.160 |
1 | 90 | 15.140 |
1 | 400 | 15.120 |
2 | 5039 | 15.110 |
Price($) | Vol. | No. |
---|---|---|
15.230 | 797 | 12 |
15.240 | 127 | 2 |
15.260 | 57 | 1 |
15.270 | 236 | 5 |
15.280 | 356 | 4 |
Last trade - 11.09am 25/07/2024 (20 minute delay) ? |
Featured News
WA1 (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, CEO
Paul Long
CEO
Previous Video
Next Video
SPONSORED BY The Market Online