BATS Gone Wild: Today's Flash Crash In 84 Stocks Will Not Be Televised (Nor Appealed)

Tyler Durden's picture

And for today's flash crash in a whole lot of stuff: "In accordance with the BATS Clearly Erroneous Trade Policy, BATS, on its own motion, has determined to cancel all trades executed between 09:28:00 and 10:03:00 that were executed at or above or at or below 30% from the consolidated closing price for the stocks in the attached list.  This decision cannot be appealed. BATS has coordinated this decision with other UTP Exchanges.  BATS will be canceling trades on the Member’s behalf.  Please see the attached list."


CE Symbol Reference Price Breaking at or less than Breaking at or greater than
ABI $14,1100 $9,8770 $18,3430
AGM.A $13,3900 $9,3730 $17,4070
AHT-E $24,9300 $17,4510 $32,4090
ALR-B $278,0000 $194,6000 $361,4000
APA-D $66,2800 $46,3960 $86,1640
AXDI $65,6600 $45,9620 $85,3580
BCM $50,2800 $35,1960 $65,3640
BSQ $11,6000 $8,1200 $15,0800
BTC= $1,1600 $0,8120 $1,5080
CMO-A $21,6300 $15,1410 $28,1190
CRBI $48,4800 $33,9360 $63,0240
CRMD+ $0,5100 $0,3570 $0,6630
DIRT $50,1800 $35,1260 $65,2340
EBK $13,2900 $9,3030 $17,2770
EMVX $27,3400 $19,1380 $35,5420
ESA= $4,1990 $2,9393 $5,4587
FBP-B $14,6400 $10,2480 $19,0320
FCA $30,8500 $21,5950 $40,1050
FFL $24,7500 $17,3250 $32,1750
FHC $26,2300 $18,3610 $34,0990
FO-A $413,0000 $289,1000 $536,9000
FOH $0,8112 $0,5678 $1,0546
FSI $1,7500 $1,2250 $2,2750
GEF.B $59,0400 $41,3280 $76,7520
GIT $10,3600 $7,2520 $13,4680
GJR $20,3700 $14,2590 $26,4810
HE-U $25,2500 $17,6750 $32,8250
HEVY $50,4800 $35,3360 $65,6240
HFB $9,7700 $6,8390 $12,7010
HIG-A $26,1200 $18,2840 $33,9560
HL-B $54,4500 $38,1150 $70,7850
HNZ- $738,6100 $517,0270 $960,1930
HUB.A $65,0000 $45,5000 $84,5000
IGC= $0,5600 $0,3920 $0,7280
JCI-Z $187,1800 $131,0260 $243,3340
KRG-A $24,9400 $17,4580 $32,4220
KV.B $4,2100 $2,9470 $5,4730
LD $65,5500 $45,8850 $85,2150
LEN.B $14,9800 $10,4860 $19,4740
LHO-H $24,2900 $17,0030 $31,5770
LNC- $461,7800 $323,2460 $600,3140
LYG-A $26,4500 $18,5150 $34,3850
MGT $0,2303 $0,1612 $0,2994
MKF $12,6800 $8,8760 $16,4840
MLV $11,4600 $8,0220 $14,8980
MNR-A $25,0300 $17,5210 $32,5390
MQC $11,7300 $8,2110 $15,2490
MRT-A $4,8200 $3,3740 $6,2660
NAN-C $10,0700 $7,0490 $13,0910
NEE-C $25,2200 $17,6540 $32,7860
NEE-F $28,7600 $20,1320 $37,3880
NOM-C $9,9700 $6,9790 $12,9610
NPV-A $10,0000 $7,0000 $13,0000
NXI-C $9,7900 $6,8530 $12,7270
NZF-C $10,0100 $7,0070 $13,0130
OCR-A $47,0000 $32,9000 $61,1000
PBI- $402,9600 $282,0720 $523,8480
PCG-H $20,0000 $14,0000 $26,0000
PCG-I $20,0000 $14,0000 $26,0000
PKJ $25,4800 $17,8360 $33,1240
PL-B $23,9000 $16,7300 $31,0700
PMB- $26,5800 $18,6060 $34,5540
PPS-A $55,3000 $38,7100 $71,8900
PRIS.B $11,6100 $8,1270 $15,0930
PSA-P $25,1000 $17,5700 $32,6300
RIH $14,7100 $10,2970 $19,1230
RPI $1,9100 $1,3370 $2,4830
RVP $1,4300 $1,0010 $1,8590
RXI $56,1200 $39,2840 $72,9560
SDO-B $17,0000 $11,9000 $22,1000
SPG-J $58,6700 $41,0690 $76,2710
SSW-C $28,0000 $19,6000 $36,4000
SSY $2,4900 $1,7430 $3,2370
SZX $7,0600 $4,9420 $9,1780
TAP.A $47,8000 $33,4600 $62,1400
TCO-H $25,3800 $17,7660 $32,9940
TDE $24,9500 $17,4650 $32,4350
TY- $43,6100 $30,5270 $56,6930
UMX $43,3990 $30,3793 $56,4187
VIA $53,6600 $37,5620 $69,7580
VTG= $2,2500 $1,5750 $2,9250
WSC $390,3900 $273,2730 $507,5070
WSO.B $72,0100 $50,4070 $93,6130
XFN $1,3245 $0,9272 $1,7219

And lest you think this is isolated:

In accordance with the Direct Edge Clearly Erroneous Trade Policy, Direct Edge, on its own motion, has determined to cancel all trades executed between 09:28:00 and 10:03:00 that were executed at or above or at or below 30% from the consolidated closing price for the stocks listed below.  This decision cannot be appealed. Direct Edge has coordinated this decision with other UTP Exchanges. 

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mongo's picture

Holy bat crap!

depression's picture

13:58:25 OBAMA: 'Call that asshole Niederauer and tell him these Terrorist Speculators Must Be Stopped Now !'

SheepDog-One's picture

Call Neiderauer, he's a sneaky little shit.

MayIMommaDogFace2theBananaPatch's picture

It Niedermeyer, Sir -- Douglas C. Neidermeyer.

jesse livermoore's picture

if you mention the words extortion again I will have your legs broken

rocker's picture

Confirmation Alert:  The Market is Rigged

Smu the Wonderhorse's picture

"Now listen, Colonel Bat Guano, if that really is your name..."

Cognitive Dissonance's picture

So what happens if you traded for a loss down 29.9%?

Never mind. I think I know the answer.

bobby02's picture

What happens if you short at 100 and then cover at 70, only to have your cover canceled. Are you still short? Or do both trades get cancelled. If the latter, then the seller at 100 is still long? What if he already spent the cash?

Who decides who eats the eventual loss? It sure as hell won't be the exchange.

Sudden Debt's picture

That loss would be for Goldman Sachs. Can't have that now do we?

So those will be cancelled.

Only those who lost money besides GS are screwed.


It's GOOD to know... Obama.


fellatio is not fattening's picture

They bust your buy at $70 and u r still short at $100.  What's fucked is the person who see the buy to cover  get filled and goes away for the day, stock goes back to $80+ and he finds out he's still short, if he placed orders using proceeds of the $70 cover and doesn't have margin buying power to cover he gets a margin call, better have add'l. cash

bobby02's picture

That's what I would think too, but have not been able to find a source or any information about it. With all these trade cancellations, it must have happened. Do you have a source?

An equally scary scenario is stop loss orders - you enter 10% below the market and get taken out at -29%.

fellatio is not fattening's picture

I used to be a branch mgr and a large firm, this is what is done, trust me, I had many conversations with clients that were on the wrong side of a cancellation.  However the info will be on the website for the appropriate exchange, i.e. NYSE, NASDAQ, etc

bobby02's picture

OK. Will check their sites again. If you come accross a link, please ping me.

Zero Govt's picture

not just Obumma, but both sides of the aisle...

...and when you lose the game, you just suck on Washington and 'Bingo' you're back in in no time flush with Benny bucks ..

..the losers at Goldman Sucks don't like losing, so they rigged the game long ago 

rocker's picture

This part has nothing to do with Bambi, it has to do with Goldman Shafts and the like.  Bambi sucks because he caved to the bankers as all the Good President Slaves Do. It is the US Banking Cartel mandate.

If you want to throw politics into it, it is more the fault that Republicans want the markets to go completly back to the old game.  For myself, I no longer care either way. We are Japan now.  I just want to know who controls the game.

fxrxexexdxoxmx's picture

Eight years of Bush bashing with Bambi the leader of the band for a couple of years and not once, ever, did we hear they all do it. It is not his fault. Every POTUS acts this way.

Obama supporters are fucking insane.

Silver Bug's picture

PURE Banana Republic. Of course they won't talk about it. It was only a fat finger right? It would never have anything to do with China annoucing they want to cut 2/3rds of US debt?

TN Jed's picture

Coffee's for closers only.

Sudden Debt's picture

:) +10

Wouldn't that cause a riot at the office where I work :)


disabledvet's picture

Maybe they should call Batman?

New_Meat's picture

would take a Marvel guy/gal to unfuck this mess.  DC no playaz'

- Ned


Brokenarrow's picture

Its all so fucking crooked.

I ran a nasdaq desk. there were no "overs!" "we get overs, daddy!"

fucking babies...........

DonutBoy's picture

If the SEC would just tell us today's price in the morning we could eliminate all this back and forth, excuting and then canceling.

cswjr's picture

Lol, reduce electricity use, too... promote energy independence!

tomster0126's picture

no joke--buy local foods and help create a new infrastructure NOT based on oil.

NotApplicable's picture

No doubt. Do you have any idea how much energy is wasted through the process of price discovery?

Just set it and forget it!


Mesquite's picture

Ah..That's for the insiders only...You know better than that..

Id fight Gandhi's picture

But but all these exchanges and dark pools and hfts create liquidity and help keep the market going. How can we function wihtout them

Cognitive Dissonance's picture

Yup. There was still some wood in that bat. So what's the problem?

BTW someone didn't drill down the center of the bat. As mom always said if you're gonna cheat, lie or steal do it well or don't do it at all.


Problem Is's picture

George "Cry-Baby Pine Tar" Brett spent a lot of hours in his garage on the wood lathe during his career...

harveywalbinger's picture

For insulting perhaps the greatest hitter of his generation & one of the last of the pre-corporate non-thug, non-pedophile, non-rapist, big league ball players, I feel compelled to identify you as a proper douchebag.

Fuck off kind Sir

Racer's picture

and if mine was 29.99% and stopped out.... WAHHHH not FAIR....

tmosley's picture

I propose we call this event "The Great BATS Hit".

Bam_Man's picture

"Now go home and get your f**king shine box."

-Billy Batts

monopoly's picture

Does this ever end. Never a dull moment. So many reasons why I have 0 interest in this broken market.

Nice consolidation today on miners, etc.. No rush. We all have time. Not trading, and like what I got.

SheepDog-One's picture

Fucking rigged win a hand they close the payout window.

tomster0126's picture

Nope, never a dull moment.  this is what we live for, while the rest of the nation sleeps we watch the goons sweep their money away.

carbonmutant's picture

I wonder which senators were on the wrong side of that trade...

DNB-sore's picture

how many batmans and batmobiles can prevent this kind of fascism?

oh yes, batman does not exist and that sucks

AldoHux_IV's picture

Good thing the SEC is on the beat, otherwise I would feel helpless in this ever manipulated market... HA!

RobotTrader's picture

Somebody please "Flash Crash" TZOO......

Before it gets to $200