http://www.nanex.net/aqck2/3379.html Symbol- ALEX This is just one more example of the absolute joke this HFT manipulated market has become.
tell me about it..you don't need some nanex feed to spot those fuckers. it's all over the place and been like this for a very long time. looks like SEC is care less about it..same for market centers. cause they been paid for it. they should implement something similar to what IB have-calculate fill ratio. orders placed vs orders executed. and penalize or ban those fuckers,who place a shit load of orders without any intention to buy or sell anything.
Not sure what the problem is. With all those orders floating around, anybody who wanted to buy or sell it would have found plenty of willing counterparties.
ALEX had a buy imbalance at the close. With this new issues sell side shares are hard to find. You just had algos trying to acquire as many shares with minimal market impact. Hence the thousands of head fake quotes. Learn the pattern and get long then sell the closing print.