Sorry to be so naive but what are automated trades. I presume when a share hits a certain price the system either buys or sells with no human input. Just looking at the trades for KMR and it is nearly all AT!!!!

Alan - I posted a description similar to yours a few years ago on the other side.

The images are a bit out of date (as is the price of ARM!!!), but the principles still apply, and it illustrates post 3 from this thread quite well.

Level 2 & SETS trading

Penny Black, huh?
Wondered why you looked so familiar :o)

Of course you need a login to use the link

thanks very much guys, definately understand now. KMR being a ftse stock, it all makes sense. Cheers