Today's Flash Crash: 75% Loss On A $10 Billion Market Cap Company In One Second

Tyler Durden's picture

While the European economy is imploding, the Chinese are struggling to hide 10% of their GDP in bad debt, and the US is scrambling to come up with a compromise to the debt ceiling, which is so far not even close with only 10 days left until the July 22 deadline (no, it's not August 2), one can be forgiven to forget that the US stock market continues to be nothing short of a crime scene. We are happy to remind you. Nanex has just spotted today's flash crash du jour, which promptly took $10 billion Brown Forman from $70 to $16.64, a 75%, or $7.5 billion, loss, in about one second. No, not a fat finger: an algorithm, which hit every bid on the way down for precisely 8,409 shares. We fully expect the pustular math Ph.D. (most likely out of Getco) to be promptly relieved of any responsibility for coming up with a massively wrong algorithm, as the NYSE shortly cancels all the bad trades. If nobody else is punished for their mistakes, why should the parasites who churn our stocks be treated any different?

BF.A - Brown Forman


Trade and Quote Prices/Sizes:

Price Only:

Time and Sales prints:

ts|BEGINSTREAM|eBF.A|20110712|093000||
ts|t|Symbol|Listed Exg|Reporting Exg|Date|Seq #|Exg Time|Price|Size|TCondition|
t|eBF.A|NYSE|NQEX|20110712|8241|09:30:01|68.29|300|IntermarketSweep|
t|eBF.A|NYSE|NQEX|20110712|8242|09:30:01|68.29|300|MCOfficialOpen|
t|eBF.A|NYSE|BATY|20110712|8243|09:30:01|69.28|200|IntermarketSweep|
t|eBF.A|NYSE|BOST|20110712|8245|09:30:01|69.28|200|IntermarketSweep|
t|eBF.A|NYSE|NQEX|20110712|8277|09:30:01|68.29|300|IntermarketSweep|
t|eBF.A|NYSE|NQEX|20110712|8302|09:30:01|68.29|100|IntermarketSweep|
t|eBF.A|NYSE|NQEX|20110712|8303|09:30:01|67.79|200|IntermarketSweep|
t|eBF.A|NYSE|NQEX|20110712|8313|09:30:01|67.79|100|IntermarketSweep|
t|eBF.A|NYSE|PACF|20110712|8315|09:30:01|69.44|100|MCOfficialOpen|
t|eBF.A|NYSE|PACF|20110712|8316|09:30:01|69.44|100|Regular|
t|eBF.A|NYSE|PACF|20110712|8317|09:30:01|69.28|700|Regular|
t|eBF.A|NYSE|NQEX|20110712|8318|09:30:01|52.53|569|Regular|
t|eBF.A|NYSE|NQEX|20110712|8335|09:30:01|52.53|131|Regular|
t|eBF.A|NYSE|NQEX|20110712|8336|09:30:01|51.73|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8337|09:30:01|51.72|100|Regular|
t|eBF.A|NYSE|BATY|20110712|8341|09:30:01|51.72|200|Regular|
t|eBF.A|NYSE|NQEX|20110712|8343|09:30:01|48.51|300|IntermarketSweep|
t|eBF.A|NYSE|BOST|20110712|8352|09:30:01|51.72|200|Regular|
t|eBF.A|NYSE|NQEX|20110712|8355|09:30:01|48.51|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8356|09:30:01|48.50|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8357|09:30:01|48.50|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8358|09:30:01|48.50|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8359|09:30:01|48.50|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8366|09:30:01|48.50|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8367|09:30:01|48.50|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8368|09:30:01|48.50|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8369|09:30:01|48.50|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8370|09:30:01|48.50|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8371|09:30:01|48.50|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8372|09:30:01|48.50|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8373|09:30:01|48.50|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8408|09:30:01|33.95|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8414|09:30:01|33.95|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8429|09:30:01|33.95|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8433|09:30:01|33.95|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8445|09:30:01|48.52|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8446|09:30:01|23.77|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8447|09:30:01|23.77|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8461|09:30:01|23.77|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8462|09:30:01|23.77|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8463|09:30:01|23.77|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8464|09:30:01|23.77|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8465|09:30:01|23.77|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8497|09:30:01|23.77|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8523|09:30:01|23.77|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8544|09:30:01|23.77|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8566|09:30:02|23.77|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8593|09:30:02|23.77|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8596|09:30:02|16.64|100|Regular|
t|eBF.A|NYSE|NYSE|20110712|8598|09:30:02|71.55|200|Regular|
t|eBF.A|NYSE|NYSE|20110712|8618|09:30:02|71.54|100|Regular|
t|eBF.A|NYSE|NQEX|20110712|8683|09:30:03|70.41|100|IntermarketSweep|
t|eBF.A|NYSE|NYSE|20110712|9004|09:30:05|72.00|100|IntermarketSweep|
t|eBF.A|NYSE|PACF|20110712|10301|09:30:14|71.62|209|Regular|
t|eBF.A|NYSE|PACF|20110712|10302|09:30:14|71.61|100|Regular|
t|eBF.A|NYSE|PACF|20110712|10303|09:30:14|71.59|100|Regular|
t|eBF.A|NYSE|PACF|20110712|10304|09:30:14|71.59|100|Regular|
t|eBF.A|NYSE|PACF|20110712|10305|09:30:14|71.59|100|Regular|
;ts|ENDSTREAM|eBF.A|20110712|093000|@|