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But they _are_ willing to trade at those prices. The person who posted the highest bid is willing to buy at that price and the person who posted the lowest ask
by andruby 5y ago
But they _are_ willing to trade at those prices. The person who posted the highest bid is willing to buy at that price and the person who posted the lowest ask is willing to sell at that price. Both regardless of the last trade price.
The lack of "crossing" between those two doesn't mean no one is willing to trade.
- aliswe 5y agoSo is your sibling comment wrong in naming them predictions? (edit: inserting disclaimer "serious question" lest i get downvoted)
- jliptzin 5y agoNot always; they could just be quote stuffing
- baobabKoodaa 5y agoIt doesn't work like that. You can't cancel a bid/ask after someone in the market takes you up on it.
- jliptzin 5y agoYou can move your ask up as bids get closer
- andruby 5y agoSure, but market orders or bids that cross your ask will trigger a transaction at your ask price. I’m sure quote stuffing happens, especially deeper in the order book. Or with very small amounts closer to the cross.
- baobabKoodaa 5y agoThe context here was the highest bid / lowest ask. The context was not orders deep in the order book. If your order is the best order available in the book, anyone can just take it, and you will not have any time to move your order before a trade is executed.