It appears that JavaScript or cookies are currently disabled in your browser. You will need to enable them in your browser settings to activate certain features on our site.

What is a "spike"?

A "spike" is a quote that substantially deviates from the market price. It may look like this:

## spike

A "spike" has the following characteristics:

  • A significant price gap
  • A quick price rebound
  • There wasn't any rapid price movement before it appeared
  • It wasn't triggered by a news event

Please note that our definition of "spike" differs from the traditional definition of the word: a rapid change in price.

There are two primary reasons for non-market spikes:

  1. Technical failure
  2. A single transaction that enters the system by mistake

The second scenario may occur, for example, if an instrument is sold at a price significantly lower than the market price. After a trader jumps on the price and places a Buy order, the price will no longer be available for other traders, but will be recorded in the information system. If a trader does manage to make a trade at a spike on their live account, the trade will be voided and the spike will be deleted from the quote archive. These orders, however, will not be deleted on demo accounts.

Did you find the information you were looking for?

Loading...   Loading...
Back to top