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?