RE:RE:Typical MM ployYou're right.
At 1:44 2 trades went off at 10,000 each for .045 and then, 2 trades went off at 1:51. Both trades of .045 were bypass trades.
Bypass trades allow a Participating Organization to enter orders on the Exchange using a bypass order marker that will ensure that the order will only execute against the visible portion of orders on the Exchange. This will allow to fulfil their "best price" obligations while giving standing only to the visible portion of orders on the Exchange.In other words, this is simply to allow masking or painting the tape.