Market Breaks: BATS, NASDAQ Declare Self-Help Against Chicago

Tyler Durden's picture

We get a modest sell-off... and the market breaks. As the popular saying goes: "the market may be rigged, but at least it's broken."

And Nasdaq joins the party too.

  • NASDAQ-BX DECLARES SELF-HELP AGAINST CHICAGO STOCK EXCH

All those curious what the market-wide circuit breaker is when the S&P "crashes" by more than 1%? It's the entire market declaring self-help against itself, as algos go haywire and try to sell everything at the same time, only to realize they are merely frontrunning each other.