SpyGate detected 138 STTprogram trades which is 84 less than the day before, a slow day for bot trading. There were slightly more sell programs than buy programs. The buys dominated the trades and ended with a difference of $2B more in buys than sells. The total for detected programs for the day was around $35B. A slow bot day.
Back at home and off we go on another week of Bot watching. Friday’s action was quite light. There was some bot trading during the morning and the Final-2. There were no detected trades between 11:00 and 14:00. The tape had a tendency to rise in a decent trend day. The net effect of the bot trading was a buy and although the MOC imbalance was a sell, the day still ended positively. A bullish close that reversed the series of bearish closes we had seen previously last week.
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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.