Nanex Research
Nanex ~ 09-Oct-2012 ~ Slow and Steady
On October 9, 2012 in PSCE,
a buy program appeared in the stock of PSCE that consistently
bought 100 shares every 45 seconds over the course of many hours. Quotes were not so
consistent. One second, for no apparent reason at all, had over 1000 quotes (canceled
orders) that didn't impact trading one bit. See chart 3.
1. PSCE 10 second interval chart showing trades color coded by exchange
2. PSCE 5 second interval chart showing trades color coded by exchange
3. PSCE 5 second interval chart showing bids and asks color coded by exchange
What is the point of 1,000 quotes/sec in this stock. It doesn't seem to make any difference to trading.
4. PSCE 5 second interval chart showing best bids and asks color coded by exchange
Nanex Research
Inquiries: pr@nanex.net