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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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.



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.

Battleaxe's picture

They just switched over to another index generator.

WhyDoesItHurtWhen iPee's picture

The Fat Fickled Finger Ponzi Prostrate Check.

mac768's picture

fuck the algos

one time they need to pack the bag

magpie's picture

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

El Hosel's picture

The 2.6%, round trip algo clusterfuck.

magpie's picture

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

i_call_you_my_base's picture

That sounds like a chinese corporate bond.

maskone909's picture

Ppt plunge protection team

DIgnified's picture

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

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.

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.

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?

somecallmetimmah's picture

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

caimen garou's picture

all is well in the land of OZ!

Soul Glow's picture

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

Element's picture

</Dude behind the curtain sneezed>



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.

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.

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.


q99x2's picture

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

Now they have a copy too.