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