This page has been archived and commenting is disabled.

And CBOE Breaks (Thanks To HFT & Google)...

Tyler Durden's picture




 

Whocoulda seen that coming? A market that rips 1% low to high at the open as VIX's late-day collapse on Friday is smashed higher and then ripper lower...

 

results in... CBOE breaking!!

  • *CBOE SAYS SOME COMPLEX RATIO ORDERS MAY NOT EXECUTE (only HFT uses complex orders)
  • *CBOE: DUE TO C2 ISSUE, GOLG8 (Google Options) CURRENTLY UNAVAILABLE FOR TRADING

Welcome to the unrigged markets...

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 05/05/2014 - 11:15 | 4728410 the not so migh...
the not so mighty maximiza's picture

Algos can only go one way

Mon, 05/05/2014 - 11:32 | 4728475 Winston Churchill
Winston Churchill's picture

Perhaps a U2 flew over Chicago ?

Mon, 05/05/2014 - 11:55 | 4728525 Zadok
Zadok's picture

Anti-volatility weapon?

Mon, 05/05/2014 - 11:40 | 4728496 slaughterer
slaughterer's picture

Sir, ES will top 1900, approaching target of 1930 by end of week on the Krugmanite "war is bullish" meme, as ordered by the masters.  Over and out, KHen'

Mon, 05/05/2014 - 11:16 | 4728415 LawsofPhysics
LawsofPhysics's picture

The real "club" continues to get a little smaller...

fuck em.

Mon, 05/05/2014 - 11:16 | 4728417 spastic_colon
spastic_colon's picture

o/t notice how on every Non-POMO day yellen gets to speak

Mon, 05/05/2014 - 11:58 | 4728531 Zadok
Zadok's picture

Can't wait for Yellin to be yelling 'What difference does it make?'

On a non-POMO day of course...

Mon, 05/05/2014 - 11:18 | 4728424 Kaiser Sousa
Kaiser Sousa's picture

"everythings fine..."

Mon, 05/05/2014 - 11:20 | 4728426 PaperBear
PaperBear's picture

Instability brought to you by the plunge protection team.

Once all investors are out of the market and the only participant is the plunge protection team and then watchout for massive instability.

Mon, 05/05/2014 - 11:19 | 4728429 The Most Intere...
The Most Interesting Frog in the World's picture

...and if it weren't for bad luck I'd have no luck at all...  doom, despair, and agony on me...

Mon, 05/05/2014 - 11:19 | 4728433 fonzannoon
fonzannoon's picture

i don't think we need pomo anymore, or qe. the monkeys have been trained. skynet is self aware. time to take up golf or something. Try as zh might, the market absolutely does not even know Ukraine exists.

Mon, 05/05/2014 - 11:40 | 4728494 RSloane
RSloane's picture

Yeah. I read "Market Rips Lower on Ukraine Concerns" earlier this morning and thought that was one of the funniest headlines I've seen on a major financial page.

Mon, 05/05/2014 - 11:20 | 4728435 JRobby
JRobby's picture

HFT's can enjoy a shit sandwich. 

Kick the plugs out of their servers.

 

 

Mon, 05/05/2014 - 11:27 | 4728458 Fuh Querada
Fuh Querada's picture

The "best before" date on the shrink wrapping of the shit sandwich has expired.

Mon, 05/05/2014 - 12:00 | 4728537 Zadok
Zadok's picture

T doesn't even stink anymore, it's just all dried up and white now.

Mon, 05/05/2014 - 11:22 | 4728440 Rising Sun
Rising Sun's picture

BTFAH - but you have to wait for another 15 point move up in teh S&P before doing it.

 

NY Fed POMO was 3B today - many thanks go out to that fucking wrinkled up cunt Yellen.

 

THANKS BITCH!!!!!!!!!!!

Mon, 05/05/2014 - 11:28 | 4728461 what's that smell
what's that smell's picture

let's try this: replace the c*** word with "yellen"...

NY Fed POMO was 3B today - many thanks go out to that fucking wrinkled up yellen Yellen.

my yellen hurts; i need to wash my yellen; do you wanna see my yellen?

Mon, 05/05/2014 - 11:36 | 4728485 Rising Sun
Rising Sun's picture

you mean something like, "my yellen smells like an outhouse", or "my yellen is so stretched you could park a mack truck in it sideways"??

 

is this what you mean?

Mon, 05/05/2014 - 11:25 | 4728452 Fuh Querada
Fuh Querada's picture

"marketable against the individual component legs"
WTF, is that some sort of kinky table dance?

Mon, 05/05/2014 - 11:29 | 4728464 The worst trader
The worst trader's picture

All i can say is HUH? Not even tring to hide it anymore!

Mon, 05/05/2014 - 11:31 | 4728467 Squid Viscous
Squid Viscous's picture

SVXY was halted on Friday ... probably some other Vix etfs as well ....something wicked this way comes

Mon, 05/05/2014 - 11:30 | 4728470 Pure Evil
Pure Evil's picture

Did a U-2 spy plane fly over the colocated servers?

Mon, 05/05/2014 - 12:53 | 4728698 Luckhasit
Luckhasit's picture

From the gunshot victims, it needs to be a flying fortress.  Let those gangbangers taste some 120mm lead. 

Mon, 05/05/2014 - 11:31 | 4728472 buzzsaw99
buzzsaw99's picture

FB is up so fukkit.

Mon, 05/05/2014 - 11:42 | 4728503 Atlantis Consigliore
Atlantis Consigliore's picture

http://youtu.be/mQfXPGCYlfI

"Car 54 Where Are You???"   SEC where are you?  CFTC where are you, Finra where are you?  DOJ where are you? 

Giggle giggle,  Fixed. Lol. 

 

Mon, 05/05/2014 - 21:41 | 4728872 mbeebe
mbeebe's picture

HFT are not the only ones who use COB or the complex order book. COB is for any multi leg order. In this case, it seems that only ratio complex orders were at risk of not being executed.

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