SpyGate detected 222 STTprogram trades which is 57 less than the day before, a moderate day of trading. There were slightly more buy programs than sell programs. The sells dominated in the afternoon trades and ended with a difference of $5B more in buys than sells. Total dectected programs for the day was around $35B. A moderate bot day.
I had to leave town yesterday to take care of my brother. I am able to do a few things today. This is yesterday’s chart but I don’t thave the bot action on the chart. Things will be back to normal on Monday.
SpyGate is free to members of our trading community. Join Us: MiM
SpyGate detects several different types of programs trades. An STT program is a simultaneous triggered trade. The detector looks for a basket of symbols trading at the same time. The price action around these detected trades helps us deduce if the program was a buy or a sell. Our detector reports the number of symbols in the trade, the number of individual trades executed, and the dollar amount of those trades.
What is SpyGate?
SpyGate is a proprietary tape reader that analyzes price action on all the exchanges and sniffs out unusual trades. The detector follows price action and accumulates adaptive knowledge using Machine Learning (ML) and Artificial Intelligence (AI) to recognize algorithms and program trades as they execute. The first implementation detects STT Programs ( Simultaneously Triggered Trades). These basket trades execute thousands of transactions in milliseconds. The transactions are in millions of dollars. This product is under heavy development and is currently available free for our traders in our Trade Chat trading room along with the MiM and live breaking news. You can join us by purchasing a subscription to the MiM.