Overall, a normal Bot day as 141 STT Program trades (Simultaneous Triggered Trades) were detected. The sell trades were more in favor as 76 sells were detected and 65 buys. The total detected was 36B and there was a 7B deficit to the sell-side.
Price Action during Program Trades
Yesterday was all about the opening, setting direction, and then correcting into the close. There were no large program trades detected between 11:00 ET and 14:00. A very quiet afternoon that drifted in low volume in the direction established from the morning trade. Volume picked up once the closing market on close imbalances began to be distributed. Two sell programs at 15:17:48 and 15:25:34 started a downside move.
SpyGate detects several different types of programs trades. The STT Program 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 STTProgram ( 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.