how to spot a MM/ECN Decoy ..

courtesy of Finra .. all MMs' working (actual activity) have to report each month's %s (and volume) .. here's the info for the month of July 2018 on PTOI

note where OTCX (that 4 profit site's MM/ECN .. with all that that implies) shows last month .. 6 out of 6 *reporting* .. with *volume* of 29,684 out of the month's *volume* of >> 1,198,826

Symbol
Issue Name
Market
Tot. Volume (Last Month)
Tot. Volume (2 Months Ago)
Tot. Volume (YTD)
MPID
Market Participant Name
MP Volume
Rank
% Of Total Volume

 
 
 
PTOI	Plastic2Oil, Inc. 	1,198,826	1,051,168	7,810,868	CDEL	CITADEL SECs LLC	314,360	1	26.22% 
 
PTOI	Plastic2Oil, Inc. 	1,198,826	1,051,168	7,810,868	CSTI	CANACCORD GENUITY LLC	310,244	2	25.88% 
 
 
 
PTOI	Plastic2Oil, Inc. 	1,198,826	1,051,168	7,810,868	NITE	VIRTU AMERICAS LLC	223,543	3	18.65% 
 
PTOI	Plastic2Oil, Inc. 	1,198,826	1,051,168	7,810,868	ETRF	G1 EXECUTION SVCs, LLC	209,345	4	17.46% 
 
 
 
PTOI	Plastic2Oil, Inc. 	1,198,826	1,051,168	7,810,868	ARCA	GLOBAL OTC	        111,650	5	9.31% 
 
 
 
PTOI	Plastic2Oil, Inc. 	1,198,826	1,051,168	7,810,868	OTCX	OTC LINK ECN ATS	29,684	6	2.48% 
 
 

http://otce.finra.org/MonthlyShareVolume

4kids