SpyGate detected 242 STTprogram trades which is 132 more than the day before, a moderate day of trading. There were slightly more sell programs than buy programs. The buys dominated in the afternoon trades and ended with a difference of $507M more in buys than sells on a day thattraded $38B in programs. A busy bot day.
Early morning saw buying into the high of day at 10:00 ET where a sell program began the tumble to the day’s low. Sell bots unsuccessfully tried to sell the lows. A pair of buy programs fired shortly after 11:15 and rallied the markets into sell programs around 12:00 which drove the markets down into 13:00 where more buys drove the market into a sideways close as bots traded back and forth.
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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.