GBP/USD Level II

[Tanguero]

My second day tracking Level II on GU - almost excited.

Can anyone explain these mysterious orders I put in squares here:

http://clip2net.com/s/FMW3

Today they appeared at about 7:30am London time as they did yesterday and are floating at around 7-8 pips on both sides of the market without showing any intention to be triggered. I could only track them for a couple of hours so don't know when they were pulled off or triggered, they have gone by late evening yesterday.

Is it somebody opportunistically waiting for another fat finger hit the wrong button?

 

[tar]

This is not really "level 2"

 

[Tanguero]

This is not really "level 2"

Still it can be qualified as level 2 for that particular marketmaker.

I think I now have an idea what it is: it's the marketmaker's spread for an order of that size. If suddenly there is a customer requiring 1,000 units (have no idea what 1 unit represents though) he will get a spread of around 12-20pips.

 

[Truth Seeker]

My second day tracking Level II on GU - almost excited.

Can anyone explain these mysterious orders I put in squares here:

http://clip2net.com/s/FMW3

Today they appeared at about 7:30am London time as they did yesterday and are floating at around 7-8 pips on both sides of the market without showing any intention to be triggered. I could only track them for a couple of hours so don't know when they were pulled off or triggered, they have gone by late evening yesterday.

Is it somebody opportunistically waiting for another fat finger hit the wrong button?

I don't see any image as it's been deleted and who are you using to see these orders?

 

[tar]

it is MB trading