Hi deezul, look up prop desks as well ! combine prop desk with dark pool & see what you find. Should be interesting to say the least. Trading has changed radically with HFT & the introduction of generation 2 dark pools as recent as 2013. Many are unaware of the radical changes. If you want to move the share price, your order needs to be routed to the lit lse. Any trades printed on the tape, which may be as high as 90%+, that are not, are matched in dark pools. However MMs can adjust the prices on this data. Which occurred yesterday afternoon. SI Brokers also try to match trades internally to save on exchange fees. Plenty going on in the background.
Well the market makers are playing ball. It only needed a 100,000 buy, about £3200 worth, to take the price up to 3.75. Problem is that the retail brokers orders are routed to dark pools for ‘price improvement’, with the inevitable consequence.
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