I take my hat off to you, you are one of the best traders, foremost experts and a real person many of us admire. Let me explain that because it does sound stupid now that you mention it.
I have my orders to sell at $4.60 on ARCA, NASD and EDGX and all kinds of volume is going off at $4.60 so who are they using? Their passing by my shares at $4.60 with trades hitting $4.68, how can they bypass my me if I am on all the ECNs? Is this because of the IEX or another Exchange I am not aware of? When I have 15,000 shares and the stock is at $4.70 with shares posting (I think its a Nasdaq Print) while I am still not filled one share After-Hours, what would you call it? Their not late prints or Market Makers clearing their books like THIRD Exchange and Philly use to do late.
Maybe you can explain how their able to bypass all the ECNs and have the Time and Sales showing the stock going up without touching the Major ECNs? The prints are strange, how do they do this?
Its like the old days right? What other Exchanges allow this? I remember that little trick with Island (CINN), remember how you could hit the option "Keep it in the Book" and Island would jump above ARCA, INCA, BTRD and TRAC's ECN showing prints $.30-$1.00 above the current offer?
I like a good mystery and you are one of the most respected Traders here, can you tell me how their doing this? Thank you Sir!