RE:RE:RE:RE:RE:RE:RE:RE:RE:Anyone else here?TickerTwit wrote: A few years ago I documented a pattern of price-and-bid-volume movement with CHW that indicated a layering scheme. The pattern is simple -- if you see 1000 shares listed on a bid or ask and you accept for the full 1000, 900 shares will suddenly be pulled away to a slightly worse price before your order completes, and this will repeat for as long as you are willing to chase successive lots of 100 at steadily worsening prices (note that this requires a preferential connection to the stock exchange which allows order data to arrive at the algorithm's location sooner that it arrives at your location, allowing what's called "high-speed front-running"). I sent my information to IIROC and phoned them to make sure a human had been made aware.
Months later the pattern could still commonly be seen. I do not know if IIROC made a genuine effort to unmask the traders behind the layering; IIROC, as a matter of policy, does not reveal their findings.
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shawshank2 wrote:
To clarify i think the team is good but there is little volume and very irregular trading action which makes it a watch for now. I have no proof of manipulation it is just my opinion. I imagine once there is positive developments there may be more stability/ interest in this.
Thanks for this. I have noticed alot of stocks epsecially those with low volume seem to tick up or down in lots of 100 which i assume is always algo. I have a feeling canadian markets are in large part being driven by this right now as alot of money has left canada for us market. It is very frustrating and we all know how effective iiroc is. Prv.un is another one being heavily influenced right now. And wvm...although i have a feeling that is for other reasons