I think when the spreads was high 7.2c offer versus 6.9c offer. It attracted a bot.
The algorithm traders (algo's or bots) are designed to make profits by closing close spreads.
In so doing they generate liquidity (I'd like to say 's all good) what I will say is we're biased to the upside.
Ann: Appendix 3B and Cleansing Notice, page-8
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