Starting from late 2009, you almost never see the real size of the executed orders in the ordinary NinjaTrader tape (Time and Sales). Almost every (especially large) market order is broken into pieces. For example, a 100 lots market order can be displayed in your ordinary tape in 100 individual prints. Since 2009 tape reading became very complicated, making conventional tape much less useful. But it doesn’t have to be this way!
Our version of tape (Smart Tape), combines individual prints back together (the way it used to be before 2009) so that you can easily see the actual market orders to their full extent. There are also filters available in the Smart Tape so you easily sense what the bigger/smaller traders are doing at the moment.
Also the Smart Tape is capable of displaying some other essential information including Iceberg Orders, and much more.