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Today's Nat Gas (News) Leak In 3-D Action

Tyler Durden's picture





 

Via Nanex,

On January 31, 2013, approximately 400 milliseconds before the official release of the EIA Natural Gas Report, trading activity exploded in Natural Gas Futures and ETFs such as UGZ, UNG and BOIL. Now that the Feds have stated that they don't think there is merit in prosecuting people who get news information earlier than others by milliseconds, is it any wonder?

1. Natural Gas Futures - March 2013 (NG.H13) showing trades and depth of book.



1. UNG showing trades color coded by exchange between 10:29:59 and 10:30:04.
This resolution clearly shows trading activity starting about 400 milliseconds before the official news release time of 10:30. Note the spike at 10:30 - which is when everyone else received the information.



2. Natural Gas Futures - March 2013 (NG.H13) showing trades and depth of book.
Click for animation of this chart.



3. Natural Gas Futures - March 2013 (NG.H13) showing trades and depth of book.
Click for animation of this chart.



4. Natural Gas Futures - March 2013 (NG.H13) showing trades and depth of book.



5. UNG showing trades color coded by exchange between 10:18 and 10:36.



6. UNG showing trades color coded by exchange between 10:29:48 and 10:30:15.



Nanex Research
 

 


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Thu, 01/31/2013 - 13:16 | Link to Comment Zer0head
Zer0head's picture

pyroflatulence

Thu, 01/31/2013 - 13:51 | Link to Comment redpill
redpill's picture

Thank goodness, whatever would we do without this market-saving liquidity?  It's practically priceless.

Thu, 01/31/2013 - 17:16 | Link to Comment James_Cole
James_Cole's picture

Their new(?) 3D visualizer is awesome!

Thu, 01/31/2013 - 19:55 | Link to Comment fourchan
fourchan's picture

it shows congressman so and so's frontrunning order perfectly.

thats why it is allowed to go on because they have the power and the money.

Thu, 01/31/2013 - 13:19 | Link to Comment max2205
max2205's picture

reversed..whats new

Thu, 01/31/2013 - 13:23 | Link to Comment Stoploss
Stoploss's picture

Im not 100% sure, but i think even a senator could understand those five pictures.

Thu, 01/31/2013 - 13:36 | Link to Comment Bastiat
Bastiat's picture

Why would he bother?

Thu, 01/31/2013 - 14:12 | Link to Comment larz
larz's picture

those ARE the senator's trades my friends

Thu, 01/31/2013 - 13:44 | Link to Comment CalibratedConfidence
CalibratedConfidence's picture

just reversed the reverse

Thu, 01/31/2013 - 13:17 | Link to Comment slackrabbit
slackrabbit's picture

Nothing surprises me anymore......

Thu, 01/31/2013 - 13:19 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Just another normal 400 millisecond market correction.

<Move along, nothing to see here.>

At some point those who live by the millisecond will die by the millisecond.

Thu, 01/31/2013 - 13:20 | Link to Comment CPL
CPL's picture

That's a cool plugin.  Where about's can I get it to fool around with it?

Thu, 01/31/2013 - 15:06 | Link to Comment gmrpeabody
gmrpeabody's picture

it's a small club and you and me ain't in it.

hat tip to bigdumbnugly

Thu, 01/31/2013 - 16:08 | Link to Comment geotrader
geotrader's picture

And George Carlin RIP

Thu, 01/31/2013 - 13:20 | Link to Comment bigdumbnugly
bigdumbnugly's picture

it's a small club and you and me ain't in it.

Thu, 01/31/2013 - 13:22 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

No.........but we seem to be under it if that's any consolation.

<But thanks for playing anyway.>

Thu, 01/31/2013 - 13:21 | Link to Comment dracos_ghost
dracos_ghost's picture

"it's a small club and you and me ain't in it."

Yeah, but bring a big fucking club and the party gets interesting.

Thu, 01/31/2013 - 20:40 | Link to Comment JeffB
JeffB's picture

Don't talk like that or we'll be getting tons of new club control legislation.

 

Thu, 01/31/2013 - 13:24 | Link to Comment francis_sawyer
francis_sawyer's picture

keep in mind that it's ENTIRELY RANDOM, who, 'profts' from these randomly occurring events... & keep in mind that the same 'who' are entirely faceless & unaffiliated...

~~~

Now let's move on to GroundHog Day wagering... What's the OVER/UNDER on a quick spring in Punxatawney?...

Thu, 01/31/2013 - 13:19 | Link to Comment Al Huxley
Al Huxley's picture

Stop confusing me with the facts documenting corruption in the market.  You're making me part of the lunatic fringe.  Tell me everything's good, and there's plenty of money to be made in the completely legitimate and above-board capital markets of this great nation of freedom, justice and opportunity for all.

Thu, 01/31/2013 - 13:25 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Please fine tune your mind to CNBC for the latest up-to-the-minute hopium.

<We now return you to your regularly scheduled programming already in progress.>

Thu, 01/31/2013 - 14:27 | Link to Comment Uber Vandal
Uber Vandal's picture

Programming already in progress....

How many people have missed the truth right in front of them...

Thu, 01/31/2013 - 13:19 | Link to Comment A Lunatic
A Lunatic's picture

It's a big Club and,.... well you all know the rest by now...............

Thu, 01/31/2013 - 13:21 | Link to Comment Sutton
Sutton's picture

I've asked Think or Swim for milli-second charts.

Thu, 01/31/2013 - 13:25 | Link to Comment nobusiness
nobusiness's picture

funny thing is the sellers were all wrong nat gas is now up

Thu, 01/31/2013 - 13:33 | Link to Comment Al Huxley
Al Huxley's picture

Don't fucking kid yourself.  They ran the stops, covered, and went long.  When you get the news early, and can see all the stops, it makes the markets a lot easier to trade successfully.  It's ike fishing in an ornamental Koi pond with dynamite.

Thu, 01/31/2013 - 13:52 | Link to Comment buzzsaw99
buzzsaw99's picture

Fake left, run right. Take it to the house in under twenty milliseconds.

Thu, 01/31/2013 - 13:30 | Link to Comment azzhatter
azzhatter's picture

I'm sure dickholder is on the case

Thu, 01/31/2013 - 13:36 | Link to Comment reader2010
reader2010's picture

The whole thing is pretty much doomed.  If you take a good look around you, those who get ahead are those always steal, cheat, mislead, and lie. Now let's get back to the real issue that nobody gives a shit, http://youtu.be/hC3VTgIPoGU

Thu, 01/31/2013 - 13:36 | Link to Comment firstdivision
firstdivision's picture

LOL!  Natty is still priced too high.  There is a ton of excess capacity that will be making its way to market once they finish some pipelines from the Marcelles, even with the Bakken being more of a bust than a boom.

Thu, 01/31/2013 - 13:39 | Link to Comment ivana
ivana's picture

so what will be "the regulator" response to all this scam going on for years?

Ban of NANEX, of course

Thu, 01/31/2013 - 13:42 | Link to Comment Glass Seagull
Glass Seagull's picture

 

Cant' wait for nanex's 4-d chart, where the 4th dimension is a standardized fraud measure.

Thu, 01/31/2013 - 13:44 | Link to Comment falak pema
falak pema's picture

regulation is now a joke on both sides of the political aisle; game over in favour of oligarchy. 

Thu, 01/31/2013 - 13:44 | Link to Comment LongSoupLine
LongSoupLine's picture

I'm so fucking sick of this shit. Maybe a huge fucking lawsuit against the fucking corrupt and lethargic SEC will fucking do it.

Fuck you regulators. Fucking useless assholes.

Thu, 01/31/2013 - 14:07 | Link to Comment Bear
Bear's picture

What do regulators do with all the time on their hands?

Thu, 01/31/2013 - 14:26 | Link to Comment CvlDobd
Thu, 01/31/2013 - 13:47 | Link to Comment orangegeek
orangegeek's picture

The government writing and enforcing the rules for the system they trade.

 

No wonder they are trying to change the gun laws.

Thu, 01/31/2013 - 13:48 | Link to Comment ziggy59
ziggy59's picture

How long before SEC bans or restricts NANEX from posting info like this?

Thu, 01/31/2013 - 13:49 | Link to Comment Sandy15
Sandy15's picture

The FED was probably the one doing the buying before releaseing the info.......

Thu, 01/31/2013 - 15:16 | Link to Comment tip e. canoe
tip e. canoe's picture

there's an ETF called BOIL?   seriously?   as in we have to burn shitloads of liquid petroleum to drill a longass hole into the earth and shoot shitloads of water into it to extract shitloads of gaseous petroleum to burn to BOIL shitloads of water just because we can't figure out a more efficient way to generate shitloads of electric current?

hahaha

Thu, 01/31/2013 - 14:11 | Link to Comment Squid Vicious
Squid Vicious's picture

scumbagery

Thu, 01/31/2013 - 14:14 | Link to Comment Sunshine n Lollipops
Sunshine n Lollipops's picture

They make more in 400 milliseconds than most people do their whole lives, and don't even break a sweat.

Thu, 01/31/2013 - 17:57 | Link to Comment nasa
nasa's picture

I think you meant to say that they stole more in 400 milliseconds than most people will make in their lives and the SEC won't even bother to push pause on their 'training video'.

Thu, 01/31/2013 - 14:20 | Link to Comment l.kimbot
l.kimbot's picture

A geologist once told me:  "Much more money is made above ground, than EVER comes out from below ground."  I won't be surprised to see the current shale plays turn out to be investor-baiting scams, just as the Devonian Shale plays were, "back-in-the-day."

Thu, 01/31/2013 - 14:29 | Link to Comment digalert
digalert's picture

Thank you Nanex for bringing us grift in living color.

Thu, 01/31/2013 - 14:31 | Link to Comment Downtoolong
Downtoolong's picture

I guess this means Clarence Beeks of "Trading Places" fame is out of a job too. Who needs an inside man anymore. He's probably fallen off the extended unemployment rolls already. Call it plannedo obsolescence.

Thu, 01/31/2013 - 15:53 | Link to Comment UltraP
UltraP's picture

In the meantime Natgas has reclaimed all of its losses and then some...

Thu, 01/31/2013 - 16:17 | Link to Comment Mr. Magoo
Mr. Magoo's picture

Mr Beeks has always proven reliable.

Thu, 01/31/2013 - 16:16 | Link to Comment godzila
godzila's picture

Very nice visualisations - just for my understanding how do you time a news release with less than 0.5 sec accuracy ?

Thu, 01/31/2013 - 18:25 | Link to Comment Lmo Mutton
Lmo Mutton's picture

Phantoseconds?
It's just a little fraud.

Thu, 01/31/2013 - 19:23 | Link to Comment veyron
Thu, 01/31/2013 - 19:43 | Link to Comment fuu
fuu's picture

Veyron, I see what you did over at hacker news today.

Thu, 01/31/2013 - 20:26 | Link to Comment veyron
veyron's picture

saddened to see fear mongering for clicks and likes and views.  One day they'll find something of value.

Thu, 01/31/2013 - 20:37 | Link to Comment fuu
fuu's picture

Peace.

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