This is actually a concern. 41% of daily volumes take place toward the last 5 minutes of the trading day. This dries up liquidity and create weird patterns during the day. Price discovery is less efficient in many cases in my opinion. Algos follow last minute execution. Costs are supposedly reduced thanks to some tweaks but this probably leads to some imbalance in the markets.
This game should cease when the situation si reversed.
Document by the AMF (French "SEC") about this matter in French:
amf-france.org/Publications/Lettres-et-cahiers/Risques-et-tendances/Archives?docId=workspace://SpacesStore/a16f34e9-6cae-4bd3-adc6-0fb96a559b9e
This game should cease when the situation si reversed.
Document by the AMF (French "SEC") about this matter in French:
amf-france.org/Publications/Lettres-et-cahiers/Risques-et-tendances/Archives?docId=workspace://SpacesStore/a16f34e9-6cae-4bd3-adc6-0fb96a559b9e
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.