To anyone trading or familiar with the Hang Seng futures contract -
I'll see an order for 100 or so contract take the offer instantly, when there was only 1 offered on that price level. I'm assuming this is an iceberg?
Also lots of transactions take place above the ask or below the bid and I'm not sure if this is an issue with my platform or data.
I could understand if these transactions were happening with large orders (not sure if HKFE allows blocks off the floor, anyone?) but not with a 1 lot order - which is what has been happening.
I assume the depth is so thin here because of the volatility of this index. I lose or make (lose mostly) a few grand in a few secs on the sim, with 1 contract!. amazing.