It was just Friday when a pithy Bob Pisani noted that investor confidence in markets is up because there have been no market malfunctions recently… he spoke too soon. As Nanex’s Eric Hunsader reports, an apparent malfunction at BATS-Y has caused dozens of flash crashes… including in AAPL.
#ALERT Malfunction at BATS-Y? causes dozens of flash crashes
— Eric Scott Hunsader (@nanexllc) August 18, 2014
BAT-Y issue confined to Nasdaq symbols A-M
— Eric Scott Hunsader (@nanexllc) August 18, 2014
BAT-Y – now the symbols N-Z
— Eric Scott Hunsader (@nanexllc) August 18, 2014
Appears as if trades from beginning of the day were blasted through
— Eric Scott Hunsader (@nanexllc) August 18, 2014
Were BAT-Y trades not reporting until 11:50 ?
— Eric Scott Hunsader (@nanexllc) August 18, 2014
Apparently, BAT-Y trades on Nasdaq weren’t being transmitted until 11:50 – and then all at once since open
— Eric Scott Hunsader (@nanexllc) August 18, 2014
And this happened…
Efficiant markets…
Perhaps its time to check in again with Citadel…
via Zero Hedge http://ift.tt/1sPvZ6f Tyler Durden