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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. 


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Mon, 04/25/2011 - 14:53 | 1204660 Mongo
Mongo's picture

Holy bat crap!

Mon, 04/25/2011 - 15:02 | 1204694 depression
depression's picture

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

Mon, 04/25/2011 - 15:19 | 1204771 SheepDog-One
SheepDog-One's picture

Call Neiderauer, he's a sneaky little shit.

Mon, 04/25/2011 - 15:19 | 1204787 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

It Niedermeyer, Sir -- Douglas C. Neidermeyer.

Mon, 04/25/2011 - 15:25 | 1204797 jesse livermoore
jesse livermoore's picture

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

Mon, 04/25/2011 - 15:28 | 1204819 repete
repete's picture

Neider way call him!

Mon, 04/25/2011 - 19:15 | 1205680 rocker
rocker's picture

Confirmation Alert:  The Market is Rigged

Mon, 04/25/2011 - 16:01 | 1204982 Smu the Wonderhorse
Smu the Wonderhorse's picture

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

Mon, 04/25/2011 - 14:54 | 1204665 Cognitive Dissonance
Cognitive Dissonance's picture

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

Never mind. I think I know the answer.

Mon, 04/25/2011 - 14:56 | 1204675 besodemuerte
besodemuerte's picture


Mon, 04/25/2011 - 15:08 | 1204728 bobby02
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.

Mon, 04/25/2011 - 15:29 | 1204811 Sudden Debt
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.


Mon, 04/25/2011 - 15:42 | 1204869 fellatio is not...
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

Mon, 04/25/2011 - 15:50 | 1204907 bobby02
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%.

Mon, 04/25/2011 - 16:45 | 1205166 fellatio is not...
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

Mon, 04/25/2011 - 16:53 | 1205212 bobby02
bobby02's picture

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

Mon, 04/25/2011 - 15:53 | 1204909 Pegasus Muse
Pegasus Muse's picture

It's good to own Obama.

Mon, 04/25/2011 - 17:13 | 1205280 Zero Govt
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 

Mon, 04/25/2011 - 19:19 | 1205703 rocker
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.

Tue, 04/26/2011 - 23:30 | 1210136 fxrxexexdxoxmx
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.

Mon, 04/25/2011 - 14:55 | 1204671 Sokhmate
Sokhmate's picture

Cute bat, btw.

Mon, 04/25/2011 - 14:55 | 1204673 Silver Bug
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?

Mon, 04/25/2011 - 14:54 | 1204678 TN Jed
TN Jed's picture

Coffee's for closers only.

Mon, 04/25/2011 - 15:45 | 1204872 Sudden Debt
Sudden Debt's picture

:) +10

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


Mon, 04/25/2011 - 22:56 | 1206467 Frenchroast
Frenchroast's picture

I'll second that...

Mon, 04/25/2011 - 14:54 | 1204681 AC_Doctor
AC_Doctor's picture

Holy bat guano!

Mon, 04/25/2011 - 14:56 | 1204689 disabledvet
disabledvet's picture

Maybe they should call Batman?

Mon, 04/25/2011 - 20:46 | 1206125 New_Meat
New_Meat's picture

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

- Ned


Mon, 04/25/2011 - 14:57 | 1204695 Brokenarrow
Brokenarrow's picture

Its all so fucking crooked.

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

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

Mon, 04/25/2011 - 15:00 | 1204700 DonutBoy
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.

Mon, 04/25/2011 - 15:03 | 1204707 cswjr
cswjr's picture

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

Mon, 04/25/2011 - 17:46 | 1205411 tomster0126
tomster0126's picture

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

Mon, 04/25/2011 - 16:17 | 1205039 NotApplicable
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!


Mon, 04/25/2011 - 17:55 | 1205436 Mesquite
Mesquite's picture

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

Mon, 04/25/2011 - 14:59 | 1204702 Id fight Gandhi
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

Mon, 04/25/2011 - 15:14 | 1204717 williambanzai7
williambanzai7's picture

Mon, 04/25/2011 - 16:05 | 1204994 Cognitive Dissonance
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.


Mon, 04/25/2011 - 17:47 | 1205415 Problem Is
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...

Mon, 04/25/2011 - 22:56 | 1206462 harveywalbinger
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

Mon, 04/25/2011 - 15:08 | 1204731 Racer
Racer's picture

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

Mon, 04/25/2011 - 15:10 | 1204734 tmosley
tmosley's picture

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

Mon, 04/25/2011 - 15:11 | 1204740 Bam_Man
Bam_Man's picture

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

-Billy Batts

Mon, 04/25/2011 - 15:10 | 1204748 monopoly
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.

Mon, 04/25/2011 - 15:19 | 1204783 SheepDog-One
SheepDog-One's picture

Fucking rigged win a hand they close the payout window.

Mon, 04/25/2011 - 17:50 | 1205426 tomster0126
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.

Mon, 04/25/2011 - 15:12 | 1204753 carbonmutant
carbonmutant's picture

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

Mon, 04/25/2011 - 15:13 | 1204758 DNB-sore
DNB-sore's picture

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

oh yes, batman does not exist and that sucks

Mon, 04/25/2011 - 15:17 | 1204768 AldoHux_IV
AldoHux_IV's picture

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

Mon, 04/25/2011 - 15:19 | 1204770 RobotTrader
RobotTrader's picture

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

Before it gets to $200

Mon, 04/25/2011 - 15:21 | 1204795 SheepDog-One
SheepDog-One's picture

Dont worry, TZOO and the rest of the clownass pumper stocks will suddenly just vanish one day, BATTS effected out.

Mon, 04/25/2011 - 15:23 | 1204798 DNB-sore
DNB-sore's picture

maybe go long TZOO or get someone in the army to get some DU to them

Mon, 04/25/2011 - 15:24 | 1204804 Missiondweller
Missiondweller's picture

Argentina is sounding a lot like the US. From the WSJ:


That would dovetail nicely with her domination of what was once an independent central bank. Since last year the bank has transferred more than $16 billion to her treasury in exchange for government bonds. Yet the government still generated a fiscal deficit of $1.3 billion in March, implying that no matter how much money it gets its hands on, it is never enough.

What is more, at the end of February the Argentine money supply was up 28.6% year over year. And in recent months independent analysts who put out inflation numbers that do not agree with the government estimate (now around 10%) have been fined."


Mon, 04/25/2011 - 15:35 | 1204844 Quinvarius
Quinvarius's picture

This is why people keep leaving this rigged sh!thole for physical gold and silver.  Even when you win, they change the rules for the boys club.

Mon, 04/25/2011 - 17:50 | 1205417 thames222
thames222's picture

so true, the physicals are proving strong so much more than paper.  they keep changing the game up, but they can't alter the natural value of metals :)

Mon, 04/25/2011 - 15:39 | 1204851 Homey Da Clown
Homey Da Clown's picture

President of Exchange: [Randolph Duke has just collapsed with shock] Mortimer, your brother is not well. We better call an ambulance.
Mortimer Duke: Fuck him! Now, you listen to me! I want trading reopened right now. Get those brokers back in here! Turn those machines back on!
[shouts - it echoes pathetically throughout the trading hall]
Mortimer Duke: Turn those machines back on!

Mon, 04/25/2011 - 16:43 | 1205167 Pez
Pez's picture

yes, but in the movie, no one actually turns them back on.

Mon, 04/25/2011 - 23:15 | 1206513 Hephasteus
Hephasteus's picture

Movies are a scam. If you want things to go the right way you have pay for it. Else you get piss backward reality.

Mon, 04/25/2011 - 15:41 | 1204866 John McCloy
John McCloy's picture

8 shares were traded in the stock market today I think. The day that some unseen event come when everyone knows it is ballgame and the dash for cash begins this market is down 40% in a week. The moment the stock market dies this nation nears extinction.
70% of American work force must be govt jobs, state jobs and services shell passing. The man milking cows is yet to become king.
Everyone in America is about 8 months from waking up jobless for a decade..and they shall call it an unforseable cycle.

Mon, 04/25/2011 - 15:42 | 1204868 slewie the pi-rat
slewie the pi-rat's picture

i think the standard sigmoid adjustment will apply, here, as per sammy sosa, who frankly admitted he made a mistake and that the bat had been corked "for practice."

we have fabulous baseball heroes.  bonds just took a federal felony for "answering evasively" to a grand jury, 7 years ago.  achilles teflon.  hit him with a few counts of tax evasion on the way to prison, too!  somebody should make a Topps card of his wtf? look when that came in! 

Mon, 04/25/2011 - 15:45 | 1204879 samsara
samsara's picture

Still feels like a Unit Test or System Test of many independant program components.

I don't want to see when they are ready and act in concert all at once fully integrated with each others results.



Mon, 04/25/2011 - 17:51 | 1205428 thames222
thames222's picture

This is just the beginning--no matter what growth has been shown, the stock market is going to be dead in 5 years.  completely.

Mon, 04/25/2011 - 15:48 | 1204880 Robslob
Robslob's picture

As they will try to do with silver & gold when everyone leaves the casino...

Mon, 04/25/2011 - 15:48 | 1204893 BlackholeDivestment
BlackholeDivestment's picture

 ''BATS Goldman'' and ''Robbing The Hood''

                        played by

 ''Christian Bail Me Out'' and ''I'm Jamie Dimon''

                 from American Psycho. 


Mon, 04/25/2011 - 15:58 | 1204967 ml8ml8
ml8ml8's picture

These are mostly ETFs, ill liquid notes, and the like.  There is a liquidity put being legislated into the markets by the exchanges and regulators that is dangerous.  If a large ill-liquidity event occurs, it's going to create more uncertainty than it avoids.

Mon, 04/25/2011 - 15:59 | 1204968 ml8ml8
ml8ml8's picture

duplicate deleted.

Mon, 04/25/2011 - 16:00 | 1204980 werealldoomed
werealldoomed's picture

It's time the Bears have a guest appearance...


..The Bats.

Mon, 04/25/2011 - 16:36 | 1205124 MolotovCockhead
MolotovCockhead's picture

And they ask why is the volume so low... when are the retail traders gonna come back.


I am surprise that there are still morons around trading this market!! Be real!! The Fed is own by private bankers! Private bankers only mission in life is to extract maximum profit. Whatever decisions made by the Fed are theirs. See the picture? They will always trade ahead of you suckers. Your only hope is for a greater fool to come along so that you can unload onto him.

Mon, 04/25/2011 - 17:59 | 1205440 bothsidesnow
bothsidesnow's picture

Hmm I'm a bit confused does that mean they were selling silver today?

Mon, 04/25/2011 - 17:19 | 1205296 Bansters-in-my-...
Bansters-in-my- feces's picture


My sympathy to all the good ones.

Mon, 04/25/2011 - 23:55 | 1206580 longorshort
longorshort's picture

Thanks idiotstan I mean Kazikstan. 

Tue, 04/26/2011 - 01:05 | 1206700 BlackholeDivestment
BlackholeDivestment's picture

Must be confused, Khazakhstan is just a modern image of D.C. ...I mean Idiocracy.

...Not Sure

...riddle me this

Mon, 04/25/2011 - 18:39 | 1205587 PulauHantu29
PulauHantu29's picture

Why not cancel all trades that people paid too much for?

Mon, 04/25/2011 - 18:40 | 1205589 Buck Johnson
Buck Johnson's picture

Something is happening and they are doing everything they can to make the market not tank.

Mon, 04/25/2011 - 19:23 | 1205708 Lord Welligton
Lord Welligton's picture


As a Non-Amerikan.

Who are bats?

How much of the retail market do they have?

Are they just a bucket shop?

Mon, 04/25/2011 - 19:27 | 1205731 Lord Welligton
Lord Welligton's picture


Got it.

"About BATS

BATS Global Markets (BATS) is an innovative global financial markets technology company based in the Kansas City, Mo., area with additional offices in New York and London. Driven by its mission of "Making Markets Better," BATS has become synonymous with great technology, aggressive pricing and outstanding customer service while catering to the needs of the broker-dealer and trading community."

So it's the broker-dealer community that just got shafted.

Mon, 04/25/2011 - 19:30 | 1205745 Lord Welligton
Lord Welligton's picture

"the third-largest US securities exchange, capturing 10% US equities market share in just four years"

And they decided to screw their own clients?


Did someone have their hand in the cookie jar?

Mon, 04/25/2011 - 19:31 | 1205751 Lord Welligton
Lord Welligton's picture

"In 2010, BATS continued its growth by launching two new platforms: BATS Options for US equity options and the BATS Y-Exchange (BYX), a second US equities exchange.

BATS … Making Markets Better."

Apparently not.


Tue, 04/26/2011 - 02:39 | 1206821 Hephasteus
Hephasteus's picture

BATS... Making markets Better. For some. Worse for others. It's zero sum.

Mon, 04/25/2011 - 19:35 | 1205782 Lord Welligton
Lord Welligton's picture
Joe Ratterman Chairman, President and Chief Executive Officer


Has Joe made a statement?


Chris Isaacson Senior Vice President, Chief Operating Officer


Has Chris made a statement?


Brian Schell Senior Vice President, Chief Financial Officer


Has Brian made a statement?


Tami Schademann Senior Vice President, Chief Regulatory Officer


Has Tami made a statement?


Mon, 04/25/2011 - 19:43 | 1205831 Lord Welligton
Lord Welligton's picture

Let's not forget Randy.

Randy is Vice President Global Communications.

Is Randy communicating?

"Randy Williams Vice President, Global Head of Communications

Randy Williams was named vice president, communications, for BATS in March 2008. He joined BATS in October 2006 as communications specialist.

Mr. Williams is responsible for much of BATS' interaction with external audiences, including journalists and analysts, and his work has led to coverage from Bloomberg, BusinessWeek, CNBC, Dow Jones Newswires, Forbes, Reuters, The Economist, The Financial Times, NEWSWEEK and The Wall Street Journal, among others. "

"and his work has led to coverage"

In the FT no less. And The Economist.

Will Randy be communication with the FT and Teh Economist?

Randy Williams Vice President, Global Head of Communications

Randy Williams was named vice president, communications, for BATS in March 2008. He joined BATS in October 2006 as communications specialist.

Mr. Williams is responsible for much of BATS' interaction with external audiences, including journalists and analysts, and his work has led to coverage from Bloomberg, BusinessWeek, CNBC, Dow Jones Newswires, Forbes, Reuters, The Economist, The Financial Times, NEWSWEEK and The Wall Street Journal, among others.

"Randy has become one of the defining personalities for BATS and he is truly one of the easiest people to talk to that I know," said CEO Joe Ratterman. "His professionalism and communication with the press, analysts, and our customer base has helped BATS develop and maintain a great standing and professional image in the public eye."

That's what Joe says.

Who could not trust Joe?



Mon, 04/25/2011 - 19:49 | 1205864 Lord Welligton
Lord Welligton's picture

One last thing for the record given that this thread is about to be history.

Have FINRA made a statement.

"FINRA is the largest independent regulator for all securities firms doing business in the United States. We oversee nearly 4,560 brokerage firms, 163,335 branch offices and 631,305 registered securities representatives. Our chief role is to protect investors by maintaining the fairness of the U.S. capital markets."


Mon, 04/25/2011 - 22:43 | 1206430 Yen Cross
Yen Cross's picture

Sir! I have been over seas for 2 months. I'm collaborating our exploits. I see Her majesty having a (Guillotine) @ HER DISPOSAL?

Mon, 04/25/2011 - 20:28 | 1206051 surfsup
surfsup's picture

b r o k e n

Mon, 04/25/2011 - 22:02 | 1206321 Yen Cross
Yen Cross's picture

These BATS (aka) Nuclear Dark Pools! Bats exchange .com

Mon, 04/25/2011 - 22:35 | 1206413 jbritely
jbritely's picture

My lottery ticket didnt win, I want a refund.

Mon, 04/25/2011 - 22:38 | 1206419 Yen Cross
Yen Cross's picture

I enjoy your Wisdom J. Britely. Thank you!

Mon, 04/25/2011 - 22:39 | 1206421 ThirdCoastSurfer
ThirdCoastSurfer's picture

A quick look at the 4 r's in the list:

RXI Range $55.88-$56.15 volume 9,954 AH: $59.09

RVP: $1.40-$1.78 12,903 $1.75

RPI: $1.91-$2.40 2,319 n/a

RIH: $14.72-$28.86 4,300 n/a

Oh the perils of trying to make a market with NO volume but lots of conditional orders and lots of HFT's scanning the spectrum for any weakness!



Mon, 04/25/2011 - 23:15 | 1206498 Yen Cross
Yen Cross's picture

Explain (sp) the achronisms! You aren't intelligent. You are just (A) nother NIGGER!


You think your surfactant club, of wanabees can use AXIOMS to displace (Value)?

Mon, 04/25/2011 - 23:18 | 1206518 Yen Cross
Yen Cross's picture

T.C.F. I'm irritated with some one above you. Step aside! You have done well!

Wed, 04/27/2011 - 17:23 | 1213694 Fox-Scully
Fox-Scully's picture


If this is the same thing, the WSJ reported on it tody, albeit 2 days later.  "NEW YORK—Nasdaq OMX Group is negotiating with top executives of major market-making firms to resolve whether the exchange should repay trading firms for losses incurred by a software glitch earlier this week, according to people familiar with the situation. Trading in more than 80 securities was halted early Monday after one of Nasdaq's algorithms fed incorrect quotes to market makers. On Wednesday, Nasdaq acknowledged the halts were "caused solely by a Nasdaq malfunction," which resulted in the release of "invalid and stale market data" in the first half hour of trading. "

Sat, 05/21/2011 - 00:51 | 1297634 kummar
kummar's picture

If indeed these are the actors set on setting the world ablaze, they are more than likely the same ones who are involved in Greece, Portugal, Dubai, and elsewhere. Presenting: Moore Capital, Brevan Howard and Paulson & Co... Oh and JP Morgan and, ahem, Goldman Sachs.1973 Toyota Pick-Up Truck AC Compressor

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