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Posted On: 05/29/2020 11:47:35 AM
Post# of 86980

Re: richievortan #25671
It looks to me like there are some algos running. I've been seeing indications for a long time. Like the 5 and 6 decimal place prints that go off for small odd sizes, followed immediately by a print for the same amount at the next 4 decimal price. It happens all day long, and when the PPS hits a high we'll often see the 5 and 6 decimal prints create a downtick, encouraging another buy of the offer to get it back to the high.
Certain MMs are all algo, no retail or outside orders. Case in point: ASCM comes in with a short selling algo whenever an OTC stock has a good spike up. I'm sure we'll see him here eventually.
OTCX is another one that I suspect is all algo. That's the MM owned by OTC Markets.
Point is, a lot of prints that don't make sense could easily be the algos running.
Smoke and mirrors my friends.
Certain MMs are all algo, no retail or outside orders. Case in point: ASCM comes in with a short selling algo whenever an OTC stock has a good spike up. I'm sure we'll see him here eventually.
OTCX is another one that I suspect is all algo. That's the MM owned by OTC Markets.
Point is, a lot of prints that don't make sense could easily be the algos running.
Smoke and mirrors my friends.

