sec to create large trader reporting system, page-11

So this is todays EXT example of a sequential price-slot hogging

Price-slots being hogged by someone placing offers waiting for execution today in Extract Resources

Just a half hour later the sell orders are now ahead of the subsequent orders which were placed

In this case a seller would be pressured into selling to the offer of 10 shares at $7.32 or if they wanted to sell more would have to made offers at but at a lower price

The infamous 617 qty now is the only one in the slot at $7.26 which previously controlled :-

$7.220 and $7.210 on the buy side

and $7.330 and $7.340 on the sell side

Other 617 offers may be hidden lying beneath the 1210 at $7.230 and 1777 at $7.320

Whether the market is moving up or down the price-slot hog controls the action

This is the copy of Etrade action:-

The question has to be asked

Is this a desirable market operation?
Or manipulation?
Or unfair advantage being taken by opportunists because of poorly designed share market methods?

These methods may not always prove successful for the perpetrator every the time but they do affect the free operation of the market

We need to place a participant ID number atached to each offer so others can see these and make a decision whether they feel the market action is being manipulated

And enable them to decide whether to participate in the available market action or not participate

Same as standard auction laws and auction regulations

Most I think would agree


Buyers

No Qty Price

16 4240 7.270
2 1216 7.260 ?
3 1904 7.250
3 4724 7.240
2 1210 7.230
1 617 7.220 ?
1 617 7.210 ?
1 877 7.190
1 695 7.180
3 4655 7.160


Sellers

Price Qty No

7.280 5881 5
7.290 330 2
7.300 2355 3
7.310 4161 4
7.320 1777 2 ?
7.330 617 1 ?
7.340 617 1 ?
7.350 347 1
7.400 6044 1
7.450 2445 1


Last 10 Trades

Time Price Qty

01:29:00 PM 7.270 371
01:29:00 PM 7.270 293
01:29:00 PM 7.270 14
01:29:00 PM 7.270 12
01:29:00 PM 7.270 372
01:23:29 PM 7.280 37
01:23:29 PM 7.280 55
01:20:50 PM 7.280 3
01:20:49 PM 7.280 5
01:17:20 PM 7.280 48

G48