Who are those guys trading against you?

[bpr]

Well it bothers me because--
1 buy +1 sell =1 unit of volume.

There was a possibility of roughly 40 k volume happening atleast every 1 hour? (The frenzy of the order flow made it look like it would happen every second). All that happened for an entire day was just 3 times the order quantity at any given time. 3 x 40000 = 120000

are u serious now or joking??:rofl:

A volume happens when there is a match buyer and seller in agreement.

A DOM happens when there is disagreement.

there may be infinite qty in order depth but if there is no agreement we might have zero volume.

This is very basic stuff.

 

[newtrader101]

A volume happens when there is a match buyer and seller in agreement.

A DOM happens when there is disagreement.

there may be infinite qty in order depth but if there is no agreement we might have zero volume.

OK, then of what significance is the Mkt depth?

Also, what if those orders were algo generated, as members pointed out above, but programmed to cancel themselves
before execution, serving only the purpose of luring in traders?

 

[Master Trader]

Best way to make profit in day trading is buy sell huge volume stocks .. Don't look at thin volume stocks. This is what I learn in last 5 yrs.

 

[manoj2012]

OK, then of what significance is the Mkt depth?

Also, what if those orders were algo generated, as members pointed out above, but programmed to cancel themselves
before execution, serving only the purpose of luring in traders?

Mar 25, 2017 10:34 AM IST | Source: Moneycontrol.com
SEBI probing fresh whistleblower allegations against NSE, BSE, MCX
The whistleblower has accused the NSE of favouritism when it comes to allowing National Long Distance (NLD) license holders to install dark fiber connection.
SEBI probing fresh whistleblower allegations against NSE, BSE, MCX
Tarun Sharma
Moneycontrol News

The Securities and Exchanges Board of India (SEBI) has started a preliminary probe into allegations against Multi Commodity Exchange, BSE Ltd. and National Stock Exchange made by an anonymous whistleblower. The same whistleblower had earlier flagged off the issue of preferential access to price feeds for some trading members on the NSE.

In the latest letter (dated February 14) to the SEBI, the whistleblower has accused the NSE of favouritism when it comes to allowing National Long Distance (NLD) license holders to install dark fiber connection.

Dark fiber is the pipe connecting a trading member’s co-location servers at the BSE and NSE. Such a connection allows the trading member to get the best prices on both exchanges quickly and choose the better of the two. Co-location facility is offered by exchanges in which a trading member can placer his server in the same premise as the exchange’s main server for faster connectivity.

“It is assumed that when a carrier is raising an invoice for the link, it would be using its own infrastructure (equipment),” the letter says. It goes on to add: “In reality, the carrier is nothing more than a billing conduit. Actual networks continued to be owned by unlicensed vendors who install devices and fiber path to speed up the links.”

The letter cites an example of Videocon, which owns a defunct NLD license, of which the actual network is owned by a Mumbai-based firm called Comtel which delivers speed links.

“With no clearly defined policy as to when and how it permits competing carriers into colocation, NSE can continue to ensure advantages for a select few in its good books,” says the letter.

The letter says that NSE has been preventing Videocon from coming on board on the ground that it did not own the telecom equipment, but also mentions another network solutions firm which has been denied approval without any specific reason.

(On its part, NSE says that it has an empanelment process, which NLD providers have to go through before they are allowed to provide connectivity services to members in colocation. "As of now, there are only 4 empaneled vendors: Tata, Bharti, MTNL and Reliance.
Neither Videocon nor Comtel are empaneled," the exchange told Moneycontrol.)

“SEBI is doing a preliminary examination as is the standard procedure in such instances,” a source told Moneycontrol.

The letter says that Comtel has been installing dark fiber links between MCX and NCDEX even though SEBI is yet to define co-location rules for commodity exchanges.

“It is strange that the same vendor which has been denied access at one SEBI-regulated exchange can operate as an approved service provider with active support at other SEBI-regulated exchanges," it says.

The letter says there are no controls over abusive market prices like spoofing/flashing on both exchanges, but it is worse on BSE. Trading algorithms are capable of generating buy and sell orders to create an illusion of demand/supply—a practice known as spoofing. These orders are modified before other market participants can react to it. But such orders can momentarily influence other players to up their bids or lower their offer prices, thus distorting the market.

In theory, high frequency traders cannot modify the price of their orders, till the first of their orders is confirmed by the exchange and displayed to the market. Some players have worked their way around this rule by following up an order with a request to cancel it immediately. So the order would be flashed on the broadcast, but cancelled before anybody can react to it.

“The state of affairs on the BSE is even more interesting. BSE has no practice of holding up any requests for modification or cancellation; the practice on their platform is to simply queue up all requests received. Thus at BSE, it is even easier to spoof or flash orders,” the letter says.

http://www.moneycontrol.com/news/bu...-allegations-against-nse-bse-mcx-2246961.html



http://www.moneylife.in/article/now-manipulation-in-currency-and-commodities-markets-too/49951.html

 

[newtrader101]

.....Moneycontrol.com
SEBI probing fresh whistleblower allegations against NSE, BSE, MCX
.....abusive market prices like spoofing/flashing on both exchanges, but it is worse on BSE. Trading algorithms are capable of generating buy and sell orders to create an illusion of demand/supply—a practice known as spoofing. These orders are modified before other market participants can react to it. But such orders can momentarily influence other players to up their bids or lower their offer prices, thus distorting the market.

In theory, high frequency traders cannot modify the price of their orders, till the first of their orders is confirmed by the exchange and displayed to the market. Some players have worked their way around this rule by following up an order with a request to cancel it immediately. So the order would be flashed on the broadcast, but cancelled before anybody can react to it.
......

The Truth eventually comes out. Excellent, Manojji.

 

[sudhakar1980]

total buy quantity= is the total buy order at that time, total sell quantity = is the total sell order at that time, it is just orders only,But snap quote(order book) gives very good buy,sell points, order book is v imp as per me.

 

[trendtrade]

Mar 25, 2017 10:34 AM IST | Source: Moneycontrol.com
SEBI probing fresh whistleblower allegations against NSE, BSE, MCX
The whistleblower has accused the NSE of favouritism when it comes to allowing National Long Distance (NLD) license holders to install dark fiber connection.
SEBI probing fresh whistleblower allegations against NSE, BSE, MCX
Tarun Sharma
Moneycontrol News

The Securities and Exchanges Board of India (SEBI) has started a preliminary probe into allegations against Multi Commodity Exchange, BSE Ltd. and National Stock Exchange made by an anonymous whistleblower. The same whistleblower had earlier flagged off the issue of preferential access to price feeds for some trading members on the NSE.

In the latest letter (dated February 14) to the SEBI, the whistleblower has accused the NSE of favouritism when it comes to allowing National Long Distance (NLD) license holders to install dark fiber connection.

Dark fiber is the pipe connecting a trading member’s co-location servers at the BSE and NSE. Such a connection allows the trading member to get the best prices on both exchanges quickly and choose the better of the two. Co-location facility is offered by exchanges in which a trading member can placer his server in the same premise as the exchange’s main server for faster connectivity.

“It is assumed that when a carrier is raising an invoice for the link, it would be using its own infrastructure (equipment),” the letter says. It goes on to add: “In reality, the carrier is nothing more than a billing conduit. Actual networks continued to be owned by unlicensed vendors who install devices and fiber path to speed up the links.”

The letter cites an example of Videocon, which owns a defunct NLD license, of which the actual network is owned by a Mumbai-based firm called Comtel which delivers speed links.

“With no clearly defined policy as to when and how it permits competing carriers into colocation, NSE can continue to ensure advantages for a select few in its good books,” says the letter.

The letter says that NSE has been preventing Videocon from coming on board on the ground that it did not own the telecom equipment, but also mentions another network solutions firm which has been denied approval without any specific reason.

(On its part, NSE says that it has an empanelment process, which NLD providers have to go through before they are allowed to provide connectivity services to members in colocation. "As of now, there are only 4 empaneled vendors: Tata, Bharti, MTNL and Reliance.
Neither Videocon nor Comtel are empaneled," the exchange told Moneycontrol.)

“SEBI is doing a preliminary examination as is the standard procedure in such instances,” a source told Moneycontrol.

The letter says that Comtel has been installing dark fiber links between MCX and NCDEX even though SEBI is yet to define co-location rules for commodity exchanges.

“It is strange that the same vendor which has been denied access at one SEBI-regulated exchange can operate as an approved service provider with active support at other SEBI-regulated exchanges," it says.

The letter says there are no controls over abusive market prices like spoofing/flashing on both exchanges, but it is worse on BSE. Trading algorithms are capable of generating buy and sell orders to create an illusion of demand/supply—a practice known as spoofing. These orders are modified before other market participants can react to it. But such orders can momentarily influence other players to up their bids or lower their offer prices, thus distorting the market.

In theory, high frequency traders cannot modify the price of their orders, till the first of their orders is confirmed by the exchange and displayed to the market. Some players have worked their way around this rule by following up an order with a request to cancel it immediately. So the order would be flashed on the broadcast, but cancelled before anybody can react to it.

“The state of affairs on the BSE is even more interesting. BSE has no practice of holding up any requests for modification or cancellation; the practice on their platform is to simply queue up all requests received. Thus at BSE, it is even easier to spoof or flash orders,” the letter says.

http://www.moneycontrol.com/news/bu...-allegations-against-nse-bse-mcx-2246961.html



http://www.moneylife.in/article/now-manipulation-in-currency-and-commodities-markets-too/49951.html

Thank you manoj ji.

 

[trendtrade]

I had high regards for NSE, but this whistle-blower guy has exposed the real face of NSE. I do not know how he came to know about so much minute details of these wrongdoings. Sucheta Dalal has mentioned that he has even provided the detailed method, by which SEBI and RBI etc. can find out the wrong doings of these exchanges.

 

[Rito]

Serveral algos... especially incase of there is a dip in the market... (while the market is bullish) the algos keep buying.. and even step up the price while placing some on the sell side as well.

Is Algo Trading started in India? Which are the companies providing this service?

 

[newtrader101]

I had high regards for NSE, but this whistle-blower guy has exposed the real face of NSE. I do not know how he came to know about so much minute details of these wrongdoings. Sucheta Dalal has mentioned that he has even provided the detailed method, by which SEBI and RBI etc. can find out the wrong doings of these exchanges.

Read Wall street Gang, Wall Street Jungle by Richard Ney (Excerpts available online are enough to get the message).