OU's Trading Corner (OTC)/ Now CDN Stocks and US Blue Chips (sorta)

[H2NRG]

"NITE on the Bid"--definition?

I have read many posts stating that "NITE is on the Bid". Would someone please explicitly define this? My interpretation is that NITE (Knight MM) is the highest Bid price, thus buying up all shares being sold at that Bid price. When they are buying shares, I take it that this is bullish? Why?

I ask this, because I observed this morning from delayed L2 that NITE has the highest Bid price for ITCV:

Market Depth For Itec Environmental Group Inc Delayed: Aug 24 8:16 AM EDT

MMD Bid Bid Size
NITE ↑ 0.006 50
CLYP ↑ 0.005 50
JEFF ↑ 0.005 50
SCHB ↑ 0.005 50
TDCM ↑ 0.005 50
CRWN ↑ 0.004 50
FRAN ↑ 0.004 50
GVRC ↑ 0.004 50
WIEN ↑ 0.004 50
MAYF ↑ 0.003 50
MRLN ↑ 0.003 50
PERT ↑ 0.003 50
HILL ↑ 0.003 50
VFIN ↑ 0.002 50
FRGP ↑ 0.002 50
BMIC ↑ 0.001 50
SEAB ↑ 0.001 50
BAMM ↑ 0.001 50
SACM ↑ 0.001 50
GNET 0.000 0


MMD Ask Ask Size
CLYP ↑ 0.006 50
FRAN ↑ 0.007 50
TDCM ↑ 0.007 50
MRLN ↑ 0.008 50
NITE ↑ 0.008 50
VFIN ↑ 0.008 50
SCHB ↑ 0.009 50
CRWN ↑ 0.010 50
JEFF ↑ 0.010 50
HILL ↑ 0.010 50
GVRC ↑ 0.014 50
SACM ↑ 0.017 50
MAYF ↑ 0.020 50
BAMM ↑ 0.040 50
WIEN ↑ 0.040 50
PERT ↑ 0.050 50
BMIC ↑ 0.082 50
SEAB ↑ 0.260 50
FRGP ↑ 0.550 25
GNET 0.000 0