The Mystery That Is SPY Advertised Volume

Not surprisingly in today's (or more appropriately, insert x calendar period) increasingly odd trading action, the total advertised SPY volume was gobs (this is not a DeMarkian technical term) lower than Friday's. And oddest of all... Morgan Stanley is not anywhere in the top 12 advertised brokers. Has the accumulation/deleveraging passed? But oddness is the theme de jour. Anyone who tries to make sense of it is ridiculed or receives outright motivational calls from assorted Czarist departments.

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