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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Proud Deplorable who wrote (169258)7/12/2009 3:38:16 PM
From: Canuck Dave  Read Replies (1) | Respond to of 313057
 
Looking over those reports of that stolen trading software and the programmed trading vehicles, I suspect they're front running trades up here, too.

The small stuff is pretty much what you see on the order book, but a few times I've hit a pretty large bid on something like Goldcorp "at market" only to see the trade take 30-60 seconds to go through, and then at a few cents higher than the last ask. Bid-ask has then immediately sunk to what it was before.

Same on the down side. Somebody is making the market with microseccond long shares, and using me to squeeze a few cents of profit. At least, that's my suspicion...

CD