I like examples.
My client routed her small stray sell order (about 5,000 shares) to a well-known electronic brokerage firm’s stealthy algorithm, which utilizes dark pool aggregation, and has a very cool macho helicopter-military-like name. These are the facts.
The stock: small cap OTC restaurant stock, ticker left out of the discussion. Average daily volume = 62,000 shares
The bid/ask: 28.66 28.68 200 shares up
The situation :
1) Very cool macho helicopter-military-like named Algo gets the order. It is a “dark” algo.
2) The stock drops from 28.66 – 28.68, to 28.61 – 28.64. No shares trade. The stock dropped only when she entered the
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