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NYSE Experiencing Quote Dissemination "Slowness", Frontrunning HFT Robots Everywhere Switch To Panic Mode
Robots everywhere are panicking as the NYSE has just announced it is experiencing "slowness" in disseminating trades and quotes. In a casino market now built exclusively for frontrunning the slower order flow, this means that millions of computers are suddenly clueless as to who should be scalped. And if they all move to the rickety BATS exchange en masse, a flash crash may be all but inevitable.
And an update:
The NYSE and NYSE Amex continue to experience slowness disseminating trades and quotes in NYSE, NYSE Amex and NASDAQ-listed symbols through CT/CQ and to the NASDAQ SIP. Market Data over OpenBook is functioning normally. Order and report processing is not affected.
Repairs are underway.
Translation: to all who pay us for premium OpenBook data, congratulations. Everyone else, better luck frontrunning next time.
Update: NYSE gives the all clear - "All NYSE trading systems are functioning normally"
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The robots have a union?
No, the robots don't have a union. They have a master. I expect that the master might be in trouble today...and in coming days.
If you think back to when this whole "financial collapse" ;) started, this problem in "messaging" is exactly where it started...summer of 2007.
But who cares...right? The rule of law is so overrated. Better to go shopping and gossip about the Madoff clan...and/or talk about donuts.
Why be ruled by law when you can simply buy the law...
Pass Me My Law, Bitchez...
Politicians can be had on the cheap even with devalued Bennie Bucks...
Are you still going over to Crispy Creme before lunch, Cdad?
SELL SELL SELL!!!!!!
Just leave the machines on BUY mode.....have breakfast...come back and reap profits.
Enter your trades via DOS
There's literally nothing these crooks won't do to screw you out of your money! We may be really needing some sort of mass upheaval, "politics" is dead, to get rid of these leeches!
a brief refresher course in parasitology:
http://snippits-and-slappits.blogspot.com/2009/06/biological-jew-pt-1-by...
They need to upgrade their INTEL chips.
Cnbs is talking about the cold spell in florida. On the pressing issues as usual.
...update...burnett is eating a donut live...and she's a no dunker.
Truly sorry to say but looks more like a flash bear crush.
Market flying, debt in Spain suddenly dropping in yield, same for US T's. Hmmm, almost looks like perpetual money machine at work round and round.
Ground control to Major Tom...
Fear mongering? Sad what ZH has become.
OK, it's still accurate, right?
What, an inevitable flash crash? Doesn't look like it.
Well, that event hasn't occurred. I was saying that the core information was correct. The NYSE was experiencing slowness. ZH simply reported the event. If you're 'offended' by the conjecture, then go somewhere else.
Since you are so concerned about journalistic accuracy, we are happy to remind you that according to the official Flash Crash farce of a report, the main reason for the flash crash, per the far more credible SEC, was due to the shift of broad trading from NYSE to BATS and other exchanges, once the NYSE's LRPs prevented normal trading. The fact that the others were unable to handle traffic is what Schapiro claimed caused the Flash Crash. We are confident this allusion was completely not lost on you.
Implying that "a flash crash may be all but inevitable" isn't journalism. It's more like the crap you hear from Cramer or Fast Money.
Otherwise known as an opinion and / or a speculative guess. It was not presented as fact. You, sir, an idiot.
Is that a quote from days before the dotcom crash?
Just read something very sad on
http://market-ticker.org/akcs-www?post=175045
Someone shot themselves and on facebook wrote...
"My Testament: Some people (the government sponsored media) will say I was evil, a monster (V)... no... I was just born poor in a country where the Wealthy manipulate, use, abuse, and economically enslave 95% of the population. Rich Republicans, Rich Democrats... same-same... rich... they take turns fleecing us... our few dollars... pyramiding the wealth for themselves. The 95%... the us, in US of A, are the neo slaves of the Global South. Our Masters, the Wealthy, do, as they like to us..."
Why themselves?
Just a waste
He tried to kill some city council members, but apparently was a bad shot, as per the link.
actually if you watch the youtube video he tries to take out the entire school board first though he was aim was off a bit.
Looking at his facebook list of links, he was a lefty kook
who bought a little too heavily into the class warfare rhetoric
that permeates politics and the media lately.
This "market" is fucktacular, stufuckingpendus, infuckingcredible.
phefuckingnominal as well!
I can't get news on this. What are they doing? Can you trust quotes?
Yea, sure, of course it's legit. No paper trail, no visibility, quote stuffing, bid cancellations in nano-seconds...
I don't really understand your concerns.
It was going to go red, but don't worry it was taken care of.
Did you noticed that also?
is it me or is it my tin foil hat is too tight..hahahah
Things are about to get much stranger...
REITs (IYR, in particular) have started their whipsaw session based on nothingness.
Damned Waddell & Reed
Simple question: Who owns NYSE-Euronext? It's the TBTF banks.
Next question: Who has the co-located HFT robotraders? It's the TBTF banks.
Further question: Who needs the markets to close higher to make their bonus targets? It's the bankers at the TBTF banks.
One more question: If the TBTF banks who own NYSE-Euronext decided to tweek the tape publication and the trade matching algorithms to ensure the profitability of their HFT trades, would any regulator (FINRA? Ha ha ha! SEC? duh . . .) ever audit the tapes against the billions of trade inputs/cancellations originating from the HFT servers to figure out the scam? Does such a capability for audit even exist?
Just asking . . .
London,
Such question really make criminal bankers on Wall Street uncomfortable. Really probing questions like yours also make M. Shapiro uncomfortable because she is still having meetings with criminals from the syndicate on Wall Street about which SEC laws she should enforce and which laws to ignore for awhile longer while the roaches crawl out of the SPY...by the infinities.
But I digress and would suggest that you, perhaps, go shopping or start a blog about Madoff's X wife, or your favorite donuts ;)
You forgot who owns the government and its investigating agencies the TBTFs.
"I'll get you next time Gadget, next time!!!"
Hmm. Now you gotta wonder if it's equally slow for all. Or some 'paying' customers still get the highest bandwidth for trade execution. I'm lookin at you Goldman. This would be soooo easy to do in software, it just ain't funny. And who's ever gonna know? Guarenteed NYSE is not gonna make their system code available for Wikileaks to digest.
We'll soon see who's in control. The 10 year T note is about to drop through the 200 DMA.
digh23847257rwghwrogh39qu820u0
2r580tgwhwuotn20345t656530y735hik3g
werfm3-gu05t35-t3u5-yOH SHIT!!wginwo0gwn
werfoaoiWHATTHEFUCKovnoqorgqorghhefnweocn
Ctrlaltdelete!
Just a funny little thought, but I know a couple of people who work in and around these bots...the guys DO like the money...but they aren't exactly stupid...nor non-ideaological...
T'would be VERY |_337j fu|\|j
IYR and the REITs are completely out of control, again, and clotheslining like mad...
What a facade of shit, really.
The fat lady is on her way to the auditorium.
On the first read through I read this as...
"The first lady is on her way to the auditorium"
Makes me chuckle either way.
I'm not a technical guy, but if the TBTFs were overexposed equities and wanted to sell down without causing too much disturbance, couldn't they route offers through to their dark pools, and claim the slowness for everyone else was owing to technical problems?
There seems to be a concerted effort to bring buyers into the market right now, and it feels hugely overpriced. Watching Treasury prices, with housing turning down and employment going nowhere - things are utterly absurd....
Julian, is that you?
Smart move, very subtle.
Can anyne explain to me why , after declining why the S&P went parabolic from the open ? It tanked in the last hour of trade yesterday and the decline in futures extended through the Asian session and well into the European session . Today's economic data wasn't that impressive/important .
Bernanke has robbed the tax payers in order to create a never ending US bull market through POMO. Those who are trading drank Bernanke's coolaid therefore self fulfilling prophey. Don't forget year end bonuses for the bankers and traders.
And the market keeps going up....
If the algos mess it up, isn't it the same probability of a flash crash as the probability of a flash rally?
Larry: Damnit, Jim, I can't get this Goldman Black Box to unfreeze!
Jim: Well, kick it or something! Do something! There are true two-party bid/asks getting by!
Larry: Wait, I know; let's freeze everything until we fix this, and we'll blame it on "technical problems" at the exchange!
Jim: You're brilliant, Larry! That will save us from having to unwind trades with the old 'Fat Finger' excuse that causes us so much grief!