In a recent 19-minute trading frenzy, algo bots engaged in intense activity on a major exchange, with $3.4 billion in taker buy volume and $3.2 billion in taker sell volume processed. This swift back-and-forth, common during periods of heightened market volatility, is indicative of the increasing influence of algorithmic trading strategies that execute rapid buy and sell orders. As traders potentially face substantial gains or losses amid such volatility, the exchange emerges as the ultimate beneficiary by accruing significant fees from both sides of these high-volume trades.
Exchange profits from $6.6B in algo trading volume within 19 minutes
