Meet the “funicular railway” algo

Profile photo of Loïc Schmid

The following took place today on the Dax (similar pattern on the Estx50) and began this morning at the open of the European session…
Source: Bloomberg, long-short.ch

Just a quick reminder that algos are in charge of markets – in case you still had a doubt 🙂

The good news is that “someone” went long !

To be continued,

Loïc Schmid

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