Friday’s SpyGate saw 148 bots detected, which was 17 more than Thursday’s trade. There were slightly more buys than sells, but the sells out-powered the buys to build a daily negative deficit of just 872M. Total bot-detected trades were a slightly above average $39B. The AM session was quiet with just 3 sell programs. The closing-10 (which is really the closing 9 as it does not include the closing minute) was quite active and balanced. No real trend on either side of the trade, just a lazy summer Friday close.
There were just 3 sell programs in the AM session and they came in early on the ride lower. At 12:47, there were three buy programs either setting up for a disappointing close or closing out a profitable morning. We don’t know. The afternoon resumed the trend-down day as sells sold into the downside. The bots were active going into the close as the market was left on autopilot for summertime trading.
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.
What are the Intraday Trading Sessions?
To fully understand how the bots are trading, we have broken down each trading day into sessions. These sessions overlap sometimes, but they feed into our ever-increasing datasets for our AI and ML training. These sessions are defined as:
Time Of Day
09:30 => 16:00
09:31 => 15:59
ALL (Excludes the open and the close)
Open (only the opening minute)
09:31 => 12:00
AM Trading session
12:00 => 14:00
14:00 => 15:49
Final 2 hours (excludes the last ten minutes)
MOC Reveal (trading around the MOC release)
Dquotes (trading around Dquotes release)
15:50 => 15:59
Final 10 minutes (actually 9, does not include the close)