SpyGate detected 162 programs on the tape Wednesday which was 122 less than Tuesday. Total trade was below average at $23B. There were more buys (83) than sells (79) and the imbalance on the whole day was around $2B to the sell-side. Excluding the open and the close, the inside day was positive at about $250M. The open was a small sell of just $21M and the close was a large sell of nearly $2B. The AM session was negative with more sells than buy programs accumulating a sell-side imbalance during the session of $158M. The mid-day session was quiet with just 4 sell programs to 1 buy. The closing was positive outside the last seconds of the day with moderate selling.
AM selling drove the markets to the day’s low around 11:00. From there the bots remained quiet until the .closing process starting around 14:00. Buy programs dominated the sells 14:3 on the final 2 hours which proved bullish.
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)