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I have been saying for some time that a wet finger in the air might produce a more accurate price. That may sound glib but I was involved in trading FX and it was an occasional ploy to leave the wrong price alone in the market. You'd be amazed at how many people would use it as a crutch when quoting an illiquid period or in a thin market. Why touch a $10mio dollar price when you had Goldman wanting minimums of $100mio? I'm not saying this is the case here or even that there is anything going on. The market in Avanti died some months ago so perhaps I'm verging on bb paranoia but there are areas I'm unclear on. The company is in the bunkers and on 13th June were even unaware of the 6 RNS's issued at that time. This is unforgivable in one sense as it is sloppy and there is a cost per RNS. IIn mitigation it may be of course that the mp is of little consequence at this time and anyway, the company has little control over it. It may be just a regulatory glitch and unimportant in the scheme of things. For the conspiracists maybe somebody can translate this. Remember these are midday auctions not the usual fat finger, price affecting news or leak reaction that occur at odd times; or first and last auctions at opening and closing. I am awaiting some clarity but not holding my breath to an email I sent some days ago. " London Stock Exchange announces the introduction of the new scheduled daily SETS Intra-day auction for equities on Monday 21 March 2016. The new Intra-day auction is a Midday price forming auction mechanism for trading larger sized orders. Participants will benefit from: · Opportunity to take part in a price forming liquidity event, timed to coincide with the traditional low point in daily volatility, and exempt from the MiFID II double volume caps in dark trading · Only Level 1, top of book data, visible during auction, limiting market impact of larger sized block orders · Provision of mid-day price formation for products and portfolio benchmarking, removing the need to use last or mid-price ===== I am confused. The exemption from MiFID suggests a certain opaqueacy and although it is level 1 pricing do they have to record the trades done at this time? The amounts traded have been tiny for months and I thought that illiquidity was the cause of these RNS's or could it be a vehicle to get larger amounts traded? They say that this Midday auction is to facilitate trading larger sized orders. Very often an RNS is a CYA response from Directors and officials who like being Directors and don't wish to breach Governance rules. They may be automatically generated but bearing in mind the fragile finances of Avanti this might indicate sharper operators are building or reducing stakes. Something isn't right?