...And The Market Breaks (Again)

Tyler Durden's picture

Surprise...

  • *BATS: ROUTING TO NASDAQ OPTIONS MKT SUSPENDED AS OF 11:06:07 ET
  • *BATS INVESTIGATING OPTIONS MKT ISSUE
  • *NOM ISSUES WITH OPRA DATA IN SYMBOL RANGE HD-HO
  • *BX OPTIONS ISSUES WITH OPRA DATA IN SYMBOL RANGE GP-HN
  • *NASDAQ OPTIONS MARKET, BX OPTIONS HAVING ISSUES ON SOME SYMBOLS

Via BATS Options Status

 

Which might help explain this...

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Squid-puppets a-go-go's picture

This article has a false presumption: when it ceases to operate, thats when its fixed. Broken is when it is accepting 'trades'

Divided States of America's picture

If the markets BREAK when its solidly in the GREEN...then what happens when its DEEP BLOOD RED?

DaddyO's picture

The PTB apply a tourniquet to stop the hemmorhaging. They can't afford to bleed out without some other impetus such as WOAR.

DaddyO

MalteseFalcon's picture

Can we stop calling this thing a 'market'?

Alhazred's picture

When it is solid red it is correct.

 

Speaking of colors the markets that matter never seem to break in such a horrid way.

www.comparesilverprices.com

Maybe i should pull a burger king and invest in a canadian monster box. 

DblAjent's picture

I just read that yesterday reflected the lowest non-holiday volume on record since 2006. That can only mean the institutions are out, leaving only the retailers for the remaining terminal velocity. We've been getting screwed for soooo long, where's the orgasm already?

waterwitch's picture

Must be carrying ebola.

Dr Strangemember's picture

It's clear they have run out of duct tape.  

Keltner Channel Surf's picture

What's all this about "self-help"?  

Is that where exchange officials do deep breathing exercises and imagine they'd gone into a more respectable field, such as shoe repair?

IANAE's picture

LOL ...must be in their Disaster Recovery playbook including the script.

 

 

Keltner Channel Surf's picture

"that's it . . .learn to trust your colleagues . . . let yourself fall back, they'll be sure to catch you . .  ."

Divided States of America's picture

Its like when youre horny but theres no girl around and u need it so bad....aka SELF HELP

ebworthen's picture

Yeah, when do we get "self-help" from the crooks in Washington and Wall Street?  Judgement Day?

ParkAveFlasher's picture

Don't denigrate shoe repairmen.  You'll never get your shoe claim ticket securitized, fractionalized, rehypothecated, reallocated, and repriced, and settled in some sort of payment in lieu of actual repaired shoes.

jubber's picture

hardly broken as everything is hitting record highs...sigh

Mohan's picture

Is the market that illiquid? 

spastic_colon's picture

yes thanks to the buyback bonanza

Mohan's picture

My be too many algos have been programmed to dump when S&P crosses 2000.

techstrategy's picture

I've tried to make clear MANY times that option manipulation has broken the market.  Valuations are completely disconnected from fundamentals because of float and option manipulation.  The systematic scalping of premium necessarily relies upon imbalance and creates a self reinforcing protection racket.  There is a reason the VIX is so low.  Those truly controlling the game know the imbalance they have created (selling calls and pumping them into the money, selling puts in gold and beating is down).  They've used options for misdirection, but now the imbalance is too great to sustain.

moriarty's picture

Be nice to think you are right and I am sure you are, but I am fast giving up hope for a true market.

hedgeless_horseman's picture

 

 

...but now the imbalance is too great to sustain.

They can sustain the imbalance longer than you can remain solvent, because "they" are banks that 1) can create money out of thin air, and 2) get bailed out if when they fail.

techstrategy's picture

Not true.   If people sell all float scams (high multiple,  thinly traded momentum stocks) and use the proceeds to raise physical cash (outside of banks) and buy physical gold,  there will eventually be a gold default (in which all financial assets will come unhinged because they are completely dependent upon trust) or gold will reprice with respect to financial assets and bring exchange rates and the real economy back into balance. 

hedgeless_horseman's picture

 

 

there will eventually be a gold default

The problem is the costs of waiting until eventually.

IANAE's picture

let me get this straight...so you're saying short the momo's and buy phyzz gold?

 

edit to add: did CYNK qualify as a momo stock float scam?

docmac324's picture

No down arrows are allowed.

WOAR's picture

The beatings will continue until the computer works.

Kaiser Sousa's picture

there r no markets...
just fraud and manipulation...
seriously, Silver still below $20 per oz???
fucking hilarious...
should have put all my shit into a CD or MMF...

not...still stackin.

Atomizer's picture

Blackbox routing is having a union strike with agroithm on pecking order of information flow.

 

Youri Carma's picture

CME Error Halted Trading of Major Futures Contracts, 25 August 2014, (Bloomberg)
http://www.bloomberg.com/news/print/2014-08-24/cme-halts-electronic-trading-for-all-markets-bar-malaysia.html

A technical error at CME Group Inc. (CME) prompted a four-hour trading halt at the world’s largest futures market, preventing buying and selling of contracts tied to major stock indexes, Treasuries, oil and gold.

Latitude25's picture

Broken means the banksters have lost control.  Expect more of this

p00k1e's picture

The Terrorists hate us for our free markets.

DOT's picture

Warlord in the third. Guido sez "da fix is in"

seek's picture

It's nice that when these market breaks occur, they always happen in an organized, alphabetical fashion. Random transactions and breakage are so old-school.