Just Another "Fat Finger" Sends The Entire UK Stock Market Up And Down 1.3% In 1 Second

Tyler Durden's picture


"Fat Finger" or just more "High Freaks"? At 1110ET, the FTSE100 futures contract (representing the most liquid vehicle for trading the broadest UK stock market) suddenly rocketed up 1.3% on huge volume... and then, just as remarkably, Nanex shows, most of that price exuberance returned to normal within 10 seconds... Doesn't look like a fat finger order to us? with 5 waves of buying on the way up? Of course, one thing is sure, Virtu made money!

Via Nanex,

1. March 2014 FTSE (Z) Futures

2. March 2014 FTSE (Z) Futures - Zoom of 27 seconds of trading.

3. March 2014 FTSE (Z) Futures - Zoom showing 5 seconds of trading.
Note the 5 separate buying waves.

4. EWU - a related ETF traded in New York.

5. EWU Zoom


Perhaps AG Schneiderman's probe is well timed?

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Tue, 03/18/2014 - 15:52 | 4564840 Deathrips
Deathrips's picture

But its a real market? Right?


Paper promises with no collateral, are ponzis!


Grab your physical chair, the fat ladies (CB) are all singing.



Tue, 03/18/2014 - 15:58 | 4564867 Element
Element's picture

You can see it can't you? Looks real enough. You put your money in

.... aaaaaaannnd ... it's gone.

That's a working market.

Tue, 03/18/2014 - 16:07 | 4564904 Battleaxe
Battleaxe's picture

They just switched over to another index generator.

Tue, 03/18/2014 - 15:59 | 4564875 WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture

The Fat Fickled Finger Ponzi Prostrate Check.

Tue, 03/18/2014 - 16:08 | 4564906 mac768
mac768's picture

fuck the algos

one time they need to pack the bag

Tue, 03/18/2014 - 15:52 | 4564849 magpie
magpie's picture

Aliens...don't visit St. Paul's cathedral...

Tue, 03/18/2014 - 15:54 | 4564852 El Hosel
El Hosel's picture

The 2.6%, round trip algo clusterfuck.

Tue, 03/18/2014 - 15:55 | 4564857 magpie
magpie's picture

Fancy that, heard the aliens coming to visit the UK aren't that smart in the AI/algo department.

Tue, 03/18/2014 - 16:00 | 4564881 i_call_you_my_base
i_call_you_my_base's picture

That sounds like a chinese corporate bond.

Tue, 03/18/2014 - 16:01 | 4564888 somecallmetimmah
somecallmetimmah's picture


Tue, 03/18/2014 - 15:55 | 4564855 maskone909
maskone909's picture

Ppt plunge protection team

Tue, 03/18/2014 - 15:56 | 4564861 DIgnified
DIgnified's picture

Is there a way to see who did what at the top?

Tue, 03/18/2014 - 15:56 | 4564862 El Hosel
El Hosel's picture

Its all good on this side of the pond, all time highs for Janet will be a nice touch in the morning.

Tue, 03/18/2014 - 15:59 | 4564877 sudzee
sudzee's picture

If manipulated stocks are the new collateral for bonds the sky is the limit and intetest rates at zero are meaningless. I can easily see s&p at 100,000 in just a few years.

Tue, 03/18/2014 - 16:00 | 4564880 Stoploss
Stoploss's picture

So after the bid stack completely collapsed, VWAP never reverted back to pre trade VWAP..

That's fucking bullshit.


Of course who wouldn't want a higher VWAP any old time anyway?

Tue, 03/18/2014 - 16:03 | 4564895 somecallmetimmah
somecallmetimmah's picture

Don't hire the VWAPs.  They'll steal all the good towels.

Tue, 03/18/2014 - 16:02 | 4564889 caimen garou
caimen garou's picture

all is well in the land of OZ!

Tue, 03/18/2014 - 16:02 | 4564890 Soul Glow
Soul Glow's picture

There is likely a correlation between fat fingers and suicided bankers.

Tue, 03/18/2014 - 16:04 | 4564891 Element
Element's picture

</Dude behind the curtain sneezed>



Tue, 03/18/2014 - 16:11 | 4564912 Element
Element's picture

Welcome to the fucking Matrix. Not one bit of this shit is real. Just look at that bloody atrocity, these fucks are just laughing at every business and working person on earth.

Tue, 03/18/2014 - 16:15 | 4564931 NOTaREALmerican
NOTaREALmerican's picture

Re:  these fucks are just laughing at every business and working person on earth.

The winners always gloat at the losers.

There are smart-n-savvy people and dumb-n-clueless people.    Survival of the fittest is a bitch when you find out you're the food.

Tue, 03/18/2014 - 16:51 | 4565085 layman_please
layman_please's picture

i'm in the middle of starting my own business and i just can't fathom how the whole world pours their sweat and blood for the numbers on the screen which aren't anchored to anything even vaguely resembling reality. global economy is nothing but a game. confidence game backed with some firepower if too many take the red pill and start asking silly questions.

world is like a casino. if one wants to play they have to accept the rules of the house and use their tokens. unfortunately there's nowhere to go if one doesn't want to play at the casino.


Tue, 03/18/2014 - 16:44 | 4565058 q99x2
q99x2's picture

Dude! that's the FED software that I've been harping about.

Now they have a copy too.

Do NOT follow this link or you will be banned from the site!