Hi, Was wondering what you experienced locals think of the amount of spoofing (posting fake size in the order book then quickly reversing it) lately. I remember back in the Paul Rotter days he had the European interest rate curve in the palm of his hand but seems to have died down a lot lately.. or at least make it less obvious. Are they still in there doing playing their usual games or have the recently flash new headlines wiped them out do you think? What do you think is the most/least manipulated market at the moment?
If you mean "spoofed" the size of the BID/OFFERS, then yes they are being spoofed .The size of the Bid/Offer is pretty much irrelavant nowadays as " tick trading " has long since died around 5 years ago. The ALGO's move so fast by the time the human brain has digested the size of the book, it has changed.Plus as latency is low , the Human brain is actually not seeing real time prices.The only " trader" only seeing the real time price is the fastest bot located slap bang on top of the Equinix Data Centre in Frankfurt.