Sep. 13 at 10:56 PM
$TNON Connecting the final piece of the puzzle SEC Form 4 filings confirm HRT Financial LP (Hudson River Trading) was the firm trading during the Sep 9 and 10 volume surge.
The filings show HRT executing individual trade blocks ranging in size from 10,000 shares (
$40,000) up to 50,000+ shares (
$200,000) in single algorithmic moves. On Sep 10, HRT accumulated 66k shares across multiple orders including a 31.2k share block at
$2.92 at a
$3.58 weighted average price, followed by a single liquidation block of 65,552 weighted average price right during the primary volume surge.
This footprint offers a clean look at how market makers and high-frequency liquidity providers manage two-way inventory and execute large order blocks alongside retail momentum following the convertible debt repayment news.
The logic checks out. Now that we know what happened between Sep 9 and Sep 11 let's brainstorm: how can retail traders turn this information to our advantage? Drop your thoughts below.
