SpyGate Detection Table: April 1st, 2021
We ended the day with 132 program trades detected which is on the light side with just 14 occurring before the final two hours of trading (Final-2). Only $109M more buy programs than sell traded making it a very even day on the tape that continues to rise on low volume.
Price Action During Program Trades
The first detected program trade past the open executed at 9:46:58 ET, buying 345 symbols in 6.0K different trades for a light $76M. A series of sell programs tried to reverse the rising tape with three firing at noon that put the rest of the day into a sideways direction. Trading picked up during the Final-2 as the close set in with six programs firing off at the 15:50 market on close release. You can check that out in our daily MiM report.
What is an STTProgram trade?
SpyGate detects several different types of programs trades. The STT progam is a simultaneous triggered trade where a broad number of symbols trade at the same time with considerable dollar volume. As the trades are detected, the price action around the trade 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. This detector follows price action and accumulates adaptive knowledge using Machine Learning (ML) and Deep Learning Artificial Intelligence (AI) to deduce algorithms and program trades as they are executing. The first implementation detects STT Programs ( Simulatanousely Triggered Trades). These trades are in the many thousands and millions of dollars and are executed all at once on many different symbols. This product is under heavy development and is currently available free for our traders in our TradeChat trading room along with the MiM and live breaking news. You can join us by purchasing a subscription to the MiM.