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Alias Born 08/08/2011

Re: None

Thursday, 08/25/2011 9:33:19 AM

Thursday, August 25, 2011 9:33:19 AM

Post# of 62039
Odd trades possibly explained. Looking at the L2 there is often a bid from MPID "Auto" on both the buy and sell side. Often the bid will be .0001 less/greater than the next lowest/highest bid. If the closest bid changes the Auto bid will adjust accordingly. Some people might be using these small orders to knock out the auto bids. Not sure if this has anything to do with the odd trades but it seems logical.

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