I think you are banking on order books not upsetting the apple cart too much there @Ericali. If traders get more frequently punished by extreme % drops holding cheap players its possible as the market matures this would force people to look at solid and stable returns more and more than trying to become the genius finding that pick at 50p who turns into £5.
I imagine seeing the lack of liquidity and depth in some players in detail could also change the dynamic of how people trade. I guess it all depends how they choose to implement them and how punishing the spreads may be if they choose to keep an IS function. Traditional gamblers tend not to be familiar with order books, but traditional traders are.
Whether it turns out to be true or not, many professional economic predictions for the financial markets dont look great for the 3rd and 4th quarters next year, I wonder what the professional economic forecast for this place would be in 2020?
A potential new European territory and a stock market recession could see this place become flooded with whales by the late end of 2020. In that eventuality your forecasts and strategy i imagine would look vastly different. But its cool, keep trying to drive trent price down to keep him as cheap as possible before you inevitably buy in later in the year ;)
Just as you would speculate Trent could be affected negatively by future matrix changes, i would speculate the whole dynamic of hunting for cheap holds for quick CA could drastically change with order books. I would envisage strategically if the markets were to suffer a dip in line with forecasts, that any dividend increase next year would be an attempt to tease traditional traders with a lot of disposable income towards FI. This place is going to look a lot different in a years time thats for sure however its implemented.
Edit: iv just read a piece predicting more sunnier climates for markets in 2020 than id come across recently. So potentially sack those hypotheticals above, it could be total horseshit. As you were, buy up more penny stocks like gaetano and surridge and sell trent because hes shite, it might continue to be fine after all.