SpyGate Detection Table: March 25th, 2021
SpyGate monitored a normal bot day with 228 programs, more buys than sells with an imbalance of 7B more on the buy-side. A total of $35 STTProgram trades were detected. That was another active trading day.
Price Action During Program Trades
On Thursday, the first STTProgram trades detected were around 9:38 am, a sell program that had some short traders happy that they took the trade. Two buy programs around 10 am closed out at 10:03, just 3 minutes later with two sell programs firing and setting up the ride into the morning bottom. Consistent program trades fired off all day long. Two normal and one large sell program fired off in the 13:47 minute and set up the ride into the afternoon low. For nearly an hour there were no programs and then the buy bots took over the tape at 14:35 into the close.
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 a STTProgram trade?
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.