Oh hai? If you trade FESX I'm sure you've noticed a guy/algo/guys/algos hitting or lifting the market like a machine gun, repeatedly firing 1 lots. Any opinions on what this is all about. Someone trading with himself? Someone trying to encourage everyone else to trade in the direction of the machine gun fire? Someone just simply making an honest attempt to break up his order? I've been watching it fairly closely and I've not managed to make much sense of it as yet...
Goes bid and offer on the spread? Does it in 6E (eurodollar) too but not on same timeframe. Difficult to see where he's laying it. It's an algo because it's too fast and consistent to be someone clicking. Haven't figured it out, yet.