wednesday trading, page-36

takuan, I agree 100%, the sad fact is too much of it is going on to chase it up, look at the SPI for instance, they got algos/bots in there flashing orders all day at every price with a majority (95%) of orders having no intention of being executed at all, when I questioned SFE and ASX about this, they say they are aware of this, but the instos with these bots have the excuse that the algos are based on changes in price and volume on a variety of markets and products, therefore the algo can change its 'mind' a number of times per second... its wrong but hard to police, especially since these instos bring a lot of liquidity to the markets.