Tuesday’s SpyGate detected 128 program trades which was 11 less than the previous trading day. That is an average day. At the end of the day, the buys outnumbered the sells with a deficit of $2.3B on the buy-side. Total bot trade for the day had a value of $31B. Anything around 30B is average.
Bots were busy in the AM session and then quiet after 10:30 until the Final-2 hours of the day. There was only one sell program during the mid-day session. The closing hour saw a run-up into the close where a sell imbalance on the MOCs shaved about 10 points off the high.
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.