Today's Flash Crash: From $6.90 To $0.09 In Two Seconds

Tyler Durden's picture

Thanks to Nanex we once again get a reminder that not only is the economy broken, something which becomes painfully clear each and every time the monetary and fiscal stimulus are about to get yanked, like right now, but that our stock markets continue to be the butt of all algorithmic jokes. Today's punchline: Bitauto Holdings, which traded from $6.90 to $0.09 in two seconds. And lest one thinks this was a fat finger, the total number of trades canceled subsequently by the NYSE and Nasdaq was 22,900 shares. SkyNet strikes again.

View 1 - Trade and Quote Prices:

View 2 - Trade and Quote Prices and Sizes:

And the tens of thousands of cancellations:

;ts|t|Symbol|Listed Exg|Reporting Exg|Date|Seq #|Exg Time|Price|Size|TCondition|

09:33:06|eBITA|NYSE|BATS|Cancel;Busted;|4280|1|0.12000|100|
09:33:06|eBITA|NYSE|BATS|Cancel;Busted;|4281|1|0.12000|900|
09:33:06|eBITA|NYSE|BATS|Cancel;Busted;|4253|1|0.10000|200|
09:33:06|eBITA|NYSE|BATS|Cancel;Busted;|4263|1|0.10000|100|
09:33:06|eBITA|NYSE|BATS|Cancel;Busted;|4231|1|0.09000|100|
09:37:26|eBITA|NYSE|EDGX|Cancel;Busted;|4233|1|0.09000|100|
09:37:26|eBITA|NYSE|EDGX|Cancel;Busted;|4254|1|0.10000|200|
09:37:26|eBITA|NYSE|EDGX|Cancel;Busted;|4265|1|0.10000|100|
09:37:26|eBITA|NYSE|EDGX|Cancel;Busted;|4283|1|0.12000|900|
09:37:26|eBITA|NYSE|EDGX|Cancel;Busted;|4282|1|0.12000|100|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4216|1|6.12000|200|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4217|1|6.03000|300|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4218|1|5.86000|700|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4219|1|5.74000|900|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4220|1|5.71000|1000|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4221|1|5.71000|200|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4222|1|5.62000|800|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4224|1|5.62000|600|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4225|1|5.17000|1900|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4226|1|5.17000|100|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4227|1|5.17000|100|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4229|1|0.09000|800|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4230|1|0.09000|200|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4234|1|0.09000|800|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4235|1|0.09000|200|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4237|1|0.09000|200|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4238|1|0.09000|100|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4239|1|0.09000|600|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4240|1|0.10000|800|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4241|1|0.10000|200|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4243|1|0.10000|400|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4245|1|0.09000|800|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4246|1|0.09000|200|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4247|1|0.09000|400|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4249|1|0.09000|800|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4250|1|0.09000|200|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4251|1|0.09000|400|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4256|1|0.11000|800|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4257|1|0.11000|200|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4258|1|0.11000|400|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4260|1|0.12000|800|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4261|1|0.12000|200|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4262|1|0.12000|400|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4267|1|0.12000|800|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4268|1|0.12000|200|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4269|1|0.12000|400|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4273|1|0.09000|800|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4274|1|0.09000|200|
09:47:40|eBITA|NYSE|NQEX|Cancel;Busted;|4277|1|0.12000|1000|