What are the machines doing here ... this is one of five similar bursts that happened together ... using almost 15K quote changes to affect between 5 and 9 trades each ... to trade $1000 in shares ...

High Quote Count on $TNXP with 14657 quote changes resulting in 5 trades @ 2024-08-19 13:25:44. This is the first appearance of this symbol in the High Quote Count List. Trade size is $1,022.00 @ rank 1 for Trade Size out of 1 occurrences.

‘Sound and fury, signifying nothing’?

#liquidity #finance #stocks #economics #burst_trading #hft