Well take a look at the millions in fake, and thus illegal, bids demonstrated below and tell us just how any of this manipulation is “providing liquidity” – the second the patterns break, the algos responsible for the churn pattern disappear, thus eliminating numerous levels of so called bid liquidity below the NBBO: break enough patterns and you have another flash crash as the market once again goes bidless.
Allez voir les algos a l’action. Pas mal les petits graphes. En voici un exemple:
07-29-10
BATS “Flag Repeater”. 15,000 quotes in 11 seconds, dropping the ASK price 1 penny each quote from $9.36 to $8.58 and back up again.
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On est quand meme un peu loin du principe d’acheter des parts d’une compagnie pour en devenir actionnaire đ