The exchanges - LSE and NEX simply provide a platform to bring buyer and seller together to trade. There is two parties on each side of every trade. Sometimes it's the MM. If you have DMA you can enter into the book just like the MM. My personal preference would be to do away with MM's and to also do away with reporting things as Buy or Sell - and the use of Red (bad), blue (good) nonsense. The London Stock Exchange simply shows the trade value, volume, trade type and date and does not care about marking it as buy or sell because it's nonsense. and designed to up the pressure on market participants IMO. Most other countries do not use MM's because it's open to abuse. Here in the UK we allow this nonsense. Who benefits?
The high volume has been a good thing IMO - but maybe for the wrong reason. It certainly made fencer sitters jump.
We also saw these rises last time, then a few pullbacks, then multiples etc. I think the latest high volume events have simply pushed us a little bit quicker to where this should rise to. Hopefully many will hang around as stickier buyers. Day traders and momentum traders are needed as it attracts interest.
I agree gizzard. Last time we had a rise as strong as this we had the daily MM day trader shake routine then recovery. So I’m more looking forward to the news flow. The Mm’s know how to shake and vac. Buy on the dips as they say.