Price spikes at 8:00 AM.

J

jnbadger

The NMCES is open from 4:00AM to 8:00PM, and anyone with access to ECNs can trade during those hours.

The ADF is open from 8:00AM to 6:30PM, and there are low volume price spikes all over the place at the ADF open. However, the ADF is a display only facility, and the FINRA website states there are currently no active ADF participants...

https://www.finra.org/filing-report...ay Facility (ADF,and the comparison of trades.

Anyone know why these spikes are happening at that time?
 
 
jnbadger said:
The NMCES is open from 4:00AM to 8:00PM, and anyone with access to ECNs can trade during those hours.

The ADF is open from 8:00AM to 6:30PM, and there are low volume price spikes all over the place at the ADF open. However, the ADF is a display only facility, and the FINRA website states there are currently no active ADF participants...

https://www.finra.org/filing-reporting/alternative-display-facililty-adf#:~:text=The Alternative Display Facility (ADF,and the comparison of trades.

Anyone know why these spikes are happening at that time?
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Premarket, postmarket, lower volume anytime /price can + does spike\gap. [Last time i looked in premarket, i thought the bids were worth more+ sure enough they were regular market open + later...............................................................................................].
 
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