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For 20 Minutes Today, HFTs Got Data & You Didn't!
From 1235ET to 1255ET today, the SIP (the data feed that the general public relies on for its trade reporting) went dark for a number of symbols (including SPY - the massively liquid S&P 500 ETF). Luckily - for the High Frequency Traders - the Direct Feed kept on getting data and as the detailed charts from Nanex below show, the machines and their keepers continued to trade with asymmetric information... un-rigged?
Another case of Direct Feeds getting data while SIP customers do not. For 20 minutes!
1. SPY - Nasdaq Quote Spread.
Note the gap from 12:35 to 12:55.
2. SPY Nasdaq Trades.
No gap in trades.
3. SPY - Nasdaq Quote Spread and NBBO (Red shading shows where NBBO was crossed).
4. SPY - Trades from all Exchanges.
5. DIA - Quotes from all Exchanges.
Note the gap from 12:54 to 13:07.
6. DIA - Trades from all Exchanges.
Trades not affected (direct feeds were functioning normal).
On a side note.. this is what The Bloomberg Headlines Feed has looked like for the last 8 minutes...
Shit is broke...
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Bank run!
The public feed was down because under the Net Neutrality Act, the SEC paid extra for the faster midget tranny porn capacity bumping the unimportant, timely data flow.
That's just how I read it, too! Good call, knukles!
Like I have said before, stop bitching and just take your money out. The only people downvoting this will be hypocrites who continue to "play the game" until they are on the losing end.
lol those charts are hilarious. are there still any retail traders dumb enough to play this charade game?
20 minutes is a geological epoch in HFT years.
4 hours or more and best go to the doctor....
buy more stawks.
The Myra's are looking better every day.
We'll all be begging for them in a few years.
Sons of bitches!
Oh wait, I have, hmm, how much exposure to paper manipulated rigged bullshit?
Oh that's right - ZERO.
Bitchez!
Kind of like who gets the vaccines first, and the best healthcare.
Way past time to storm the Bastille.
Which one? Seems to be multiple Bastilles all over. HTF counters, WS banks, D.C. ofcs? Let's go!
What was the Carol Burnette telephone operator character that physically had to connect calls. Must be the same deal on the exchanges.
Lilly Tomlin
"One ringy-dingy... Two ringy-dingy..."
"Oh goodness gracious! Hello!"
The Bloomberg news feed lists "SEC" and "Rule" in the same sentence- ROFLMAO!
"Quotes? We don't need no stinkin' quotes!"
I would love to live long enough to see this whole rigged charade blow up in the bankster's faces.
Its always been rigged and always will. How many CEO'S will be buying the top through buybacks and reissue at the bottom. I'm thoroughly convinced this is the game. Banks load up when stocks are issued and sell when companies buy back . Free stock for setting up the IPO, thank you very much. Now get out there CEO'S fire some people, and buy back some of this stock (through debt) that you just gave us.
I guess the SEC folks are totally indebted to them.
If you think of the physical equivalents in our day to day life, lets say like toll booths on a tollway, it become ludicrously humerous.
Actually Highways provide a good solution to this problem, just push the SOBs into traffic and give FED units to the drivers that hit the most of them.
The market is too big to un-rig at this point, basically nobody trades anymore, its all machines.
If you took away the HFT volume the markets would crash.
"What difference does it make "?
The right thing to do here is to DK all the trades during the muppet blackout. Of course, that wont happen. A new level of corruption and injustice has been reached.
For the love of Gawd if you already haven't sold your stawks and gone to cash/gold, what more reason do you need after todays muppet slaying market breakdown and total bullshit ISM numbers. There will be no pity if the market crashes on you overnight.
Even the HFT traded wrongly, the sec will just declare the trades not valid.
What is the point of trading US market ?