SpyGate Detection Table: March 26th, 2021
SpyGate monitored a normal bot day with 250 programs, more buys than sells with an imbalance of $6B more on the buy-side. A total of $63 STT Programs trades were detected. That was another active trading day.
Price Action During Program Trades
Friday’s detection was busy in the morning and a big yawn past noon until the last two hours of the day started up with early indications of market on close orders. There was a real dearth of any buying in the morning, but the lower volume had the markets sustained in a fairly positive direction The close and the eventual melt-up destroyed a lot of bearish books and the ramifications will spill over into today as dips will become covering opportunities.
A barrage of programs fired off starting at 15:00 ET and into the close. For more details around the Market On Close you can see our MiM daily 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.