SpyGate Detection Table: June 23, 2021
Wednesday’s SpyGate detected 219 program trades which was 111 more than the previous trading day. That is an active bot day. At the end of the day, the sells outnumbered the buys with a deficit of $5.3B on the sell-side. Total bot trade for the day had a large value of $60B. Anything around 30B is average.
Daily Action
Bots were selling in the AM session and then went quiet after 11:30 until the Final-2 hours of the day. There was only one buy program during the mid-day session. The closing hours saw a run-up into a spiked high around 15:30 when whiff of a large sell imbalance was impending and the market sold into the MOC release and then slid sideways into the close.
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Check out how the market on close looks on our Market Imbalance Meter (MiM).
What is an STTProgram trade?
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.
