Penny Algorithms are automated trade entry systems that will improve the posted quote of a security by a penny.<\/p>\n
They’ve been mentioned on PrefBlog several times: In addition I find that order placed via my discount broker sometimes are overtaken by \u201ctrading robots\u201d. That is, a buy order places at lets us say 1 cent above the highest order showing on level 2 quotes never makes the top of the list. A new smaller order appears at 1 cent above the order just placed. If you remove the order the smaller order also disappears.<\/p><\/blockquote>\n Annette<\/a>:<\/p>\n Are those orders \u201cautomatized\u201d or is there a trader watching all day long the stock? As soon as you buy the 2, 5 or 10 lots where the iceberg lies, it is almost immediately topped off with more lots. I sometimes play with it putting a bid one cent lower (sell order) or higher (buy order) to see it going almost immediately one cent in front of me. It will better me up to a certain point. I witdraw mine it goes back to where it was. I sometimes suspect it is one of you guys playing games.<\/p><\/blockquote>\n I am currently engaged in a dispute regarding the very existence of penny algorithms for preferred shares (arising from an article on Pegged Orders that is now in preparation<\/a>), and ask that those who notice one in operation for the next week or so either eMail me<\/a> or tell me about it in the comments.<\/p>\n","protected":false},"excerpt":{"rendered":" Penny Algorithms are automated trade entry systems that will improve the posted quote of a security by a penny. They’ve been mentioned on PrefBlog several times: GAndreone: In addition I find that order placed via …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-10046","post","type-post","status-publish","format-standard","hentry","category-miscellaneous-news"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/10046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10046"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/10046\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nGAndreone<\/a>:<\/p>\n