If you had any questions whether the order book was relevant for the institutional algorithms that trade in the ES then the recent news that a UK based trader was charged for layering and spoofing should remove those doubts. This trader was charged with placing large false orders in the book to make it appear that there was more supply then demand and then executing orders in front of those limit orders which is said to have contributed to the flash crash.
Quick summary: institutional and sophisticated traders are using the order book to help their trade executions and bias. Our AlphaReveal platform provides the retail trader with the best order book and order flow combined view on the market. AlphaReveal can work great as a stand-alone trade decision tool and works excellent when combined with standard candlestick charting. We like 1 minute candlesticks. See what AlphaReveal can do for your trading today by taking our absolutely, no charge FREE TRIAL.. or continue to trade in the dark and at a disadvantage.
Wednesday, April 22, 2015 7:38:00 AM