Alot of money matched today

[stevequal]

Seemed to be a lot of money matched on the exchanges today. On Betfair most races traded over the 1 million mark.

Anyone have ideas why? Seemed an average Tuesday to me. Was it because there were only two cards?

[Euler]

Average volumes are much higher than they should be at the moment, we are investigating to see why this is the case. Fill rate seems unaffected. It's all very odd.

[superfrank]

can you check whether the increase in volume is evenly spread- i've noticed more activity on non-front of market selections (4th, 5th, 6th favs) with bigger amounts being traded recently, or maybe i've just imagined it!...

[JollyGreen]

The volumes are up but the fill rate seems unaffected? Could it be Betfair mopping up amounts before the rest of us mushrooms get to see them. A kind of "let's practice this now before we start hedging with the new sportsbook funds"

One for the conspiracy theorists to get their teeth into!

[Euler]

Went through the stats this morning but couldn't find anything completely stand out in them. In the last two days there have been three races each where volume was over one million. But since the start of the year, ten days, we have seen 20 in total.

The only thing that is noticeable is that the average volume is higher than normal 123% on the 9th and 143% yesterday.

We will keep an eye on it.

[andyfuller]

There was only 2 meetings yesterday - so there was longer build up to each race giving people more time to put money through each market. Could that have impacted on the figures?

[Euler]

All the 'extra' volume is coming in very late on, it's happening again today.

[andyfuller]

Is it coinciding with some decent moves on certain horses?

[Euler]

Not really, it just seems that most races are seeing volume late on much higher than normal. I'm working at the moment to see how it is affecting fill rate, but it 'feels' like it isn't having an impact at all.

[enzabella2009]

It seems happening on the 2nd 3rd and 4th Fav, 2-3 minutes to go .
Like on Ffos Las 13:50
4 8 Drumbaloo (IRE) 11-7 Paul Moloney Evan Williams 8 9/2

[Will Sharpe]

Peter

Can you elaborate a bit on your definition of fill rate and how it resonates with variations in volume?

[Euler]

If more money is coming through the market in greater volume, your orders should fill faster. Does that make sense?

[enzabella2009]

If more money is coming through the market in greater volume, your orders should fill faster. Does that make sense?

Which is not really happening...
You may get matched one side but it takes to long to get filled in the other side. I am really struggling today. I call a day off.
good luck all.

[Will Sharpe]

If more money is coming through the market in greater volume, your orders should fill faster. Does that make sense?

OK, so it's "fill rate" in a generic sense so to speak.

Are there any good explanations apart from conspiracy theories?

[Euler]

£2k a second and £880k matched on a class 6 maiden at Kempton on a Wednesday evening?