DMA players.28 May 2020 20:26
not sure if it has any particular significance but it was interesting watching the order book in the after hours auction and the 2 PMEs.it was clear that the players with direct market access were determining the s/p movement.at one point we had 4 DMA players on the bid ,all with sizeable amounts, going from i think 22p to 23.6p. the s/p was imo suppressed by one large order of 100,000 shares on the ask from one DMA at 21p. whether this was a deliberate tactic to keep s/p down i have no idea.i imagine the same player can have orders on both the bid and ask if it suits their purpose but i may be wrong. anyway it was interesting but doesn't really give any firm indication as to what might happen tomorrow although i think it does indicate significant activity one way or the other,