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  1. #1

    Default Strange price/depth movements

    Stock is TPI.

    Top bid is for 18,838 shares at 79c and has been for the last 10 minutes or so.

    Since the bid was placed, the "last" SP has fluctuated numerous times between 79 and 79.5. As it goes back to 79, presumably there has been a sale of shares at 79, and yet the 18,838 remains unchanged.

    I haven't got course of sales yet.

    Anyone know what would cause this? There's bots active.

  2. #2

    Default Re: Strange price/depth movements

    Must be bots cross trading.

  3. #3
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    Default Re: Strange price/depth movements

    Quote Originally Posted by Gringotts Bank View Post
    Stock is TPI.

    Top bid is for 18,838 shares at 79c and has been for the last 10 minutes or so.

    Since the bid was placed, the "last" SP has fluctuated numerous times between 79 and 79.5. As it goes back to 79, presumably there has been a sale of shares at 79, and yet the 18,838 remains unchanged.

    I haven't got course of sales yet.

    Anyone know what would cause this? There's bots active.
    CX and XT. Not uncommon nor strange. Neither the presence of bots.

  4. #4
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    Default Re: Strange price/depth movements

    Quote Originally Posted by Gringotts Bank View Post
    Must be bots cross trading.
    Doesn't have to be bots crossing.

    I use IG market and I reguarly get the XT treatment (i.e. jump the queue) and occassionally get the CX prices. I am not a bot the last time I check (will check again tonight).

  5. #5

    Default Re: Strange price/depth movements

    Quote Originally Posted by skc View Post
    I am not a bot the last time I check (will check again tonight).
    Exactly what a bot would say!

    Now all that alpha makes perfect sense...
    "Do you have patience to wait till your mud settles and the water is clear? Can you remain unmoving till the right action arises by itself?" - 老子 - Laozi

  6. #6
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    Default Re: Strange price/depth movements

    Quote Originally Posted by sinner View Post
    Exactly what a bot would say!

    Now all that alpha makes perfect sense...
    No... this is what a bot would say.

    00110001 01010011 010101111 01010001 0101 010101001 1010.

    (Translation - Hacking Sinner's computer as he knows too much).

  7. #7

    Default Re: Strange price/depth movements

    Cheers.

    More info here if anyone wants. http://www.asx.com.au/trading_servic...t_services.htm

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