Disliked{quote} imagine it like a microsecond auction process. remember a market maker takes both sides with a spread. So they will fill both sides of anyone that wants a trade. It will also eat up orders, and the slower price feeds will have to fill orders at mkt (slippage). Tho the exact details are for the PhD quant guys, but just think microsecond auction process.Ignored
Cus, after seeing different MM platforms during news, we have similar patterns going on with several moments inside few seconds and then established equilibrium on all of them to the exact spot (lets say 77/79)
Lets say..we have market 17/19 and there is 35s to the results...results come out - in a row with expectation, nothing special really. Market still runs strong towards 77/79. Why?
So the results interferes in the next quote of the market, and all MM have the same algo to read this shjit?
Or, why the other way around..if we have splendid news and we have a stable quote thru the news, with no impact.
Why market makers agree on that particular price? Because they matched eachother out in this micro-micro second trades?