RE: Gap filled6 May 2020 15:43
Range bound trading right now, people have to be fast to make a few pence, and L2 certainly wont help with +2/-2% movements on a gap of half a percent.
Keeping the spread that tight just shows me that mm's dont want to see a great deal of in/out trades, and are nervous themselves that anything could land/happen leaving them struggling to meet orders either way.
Most shorters will have stops, they set them tight as well, so not much money to be made, however... stops can sometimes not be triggered, especially when markets are moving at high speed.
Long as the spread remains tight, it keeps the riff raff out - dont want their sorts round here!
imo.