yo.
I've noticed something rotten in Denmark.
I have entered orders on the bid and ask side of a mkt. A very, very, thinly traded mkt. Next to no volume.
I have watched the bid climb and the offer descend until an order that is marked to the bid or offer is forced to fill.
When I cancel my orders, the bid and offer return to where they were.
Is this diabolical, or what.
In any event, now I have to figure out how to outsmart this thing.
Apparently, someone is running a system that enters bogus orders on very thin markets in order to force fills on legitimate automated systems.
