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...And The Aussie Stock Futures Market Breaks Again, Due To "Glitch"

Tyler Durden's picture




 

Yet another global stock market has been halted due to a 'glitch'.

 

Following notable selling before China's trade surplus printed considerably lower than expected:

  • *ASX HAS PLACED ASX 24 MARKET IN HALT UNTIL FURTHER NOTICE
  • *ASX: TECHNICAL ISSUE PREVENTING UPDATING OF PRICES FOR SOME
  • *ASX SAYS WORKING TO RESOLVE ISSUE IN FUTURES MARKET ASAP

This is not the first time for the ASX and comes just a few months after the New Zealand exchange was halted twice for the same 'technical' reason.

 

 

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Sun, 10/12/2014 - 22:06 | 5322608 Zirpedge
Zirpedge's picture

Completely legitimate. Try harder Tylers.

Sun, 10/12/2014 - 22:22 | 5322628 X.inf.capt
X.inf.capt's picture

-1

your troll is getting old...

try harder zirp...

///////

ill give you a few minutes to come up with something...for i can hear the rusty gears in your head squeaking from here...

//////

still nothing, huh?

try learning from HARRY WANGER or ROBOTRADER....you can search their work in the search box....that little square thingy to your upper right...

 

Sun, 10/12/2014 - 22:24 | 5322658 knukles
knukles's picture

It's a glitch.
The ASX, the global recovery, jobs aplenty, well being of mankind, stewardship of society by the NWO.
It's All Fucking Golden!
Just a glitch in the fabric of society that we'll fix with more taxes, laws and regulation, additional bureaucracy and suppression of speech, thought and freedoms, peasants

Sun, 10/12/2014 - 22:40 | 5322717 Xibalba
Xibalba's picture

selling is glitchy

Sun, 10/12/2014 - 23:25 | 5322813 Squid-puppets a...
Squid-puppets a-go-go's picture

about 2 years ago the regulator in australia was reviewing high frequency trading, and i actually wrote them saying its a bad idea.

Dickheads gave it the 'all clear', and now.... voila

Sun, 10/12/2014 - 22:13 | 5322631 TeamDepends
TeamDepends's picture

My advice to you is to start drinking heavily.

Sun, 10/12/2014 - 22:26 | 5322663 knukles
knukles's picture

Ah, the Good Doctor.....
Hunter would have said today that "It's way too weird.  Scary weird."

Sun, 10/12/2014 - 22:46 | 5322729 Ralph Spoilsport
Ralph Spoilsport's picture

Wish HST was around to comment on all this.

Mon, 10/13/2014 - 03:58 | 5323128 SAT 800
SAT 800's picture

Unless you can find some opium; or china white. I had a girlfriend once who said that Heroin would be the perfect drug if you could just take it on the weekends. Interesting comment.

Sun, 10/12/2014 - 22:25 | 5322662 The Most Intere...
The Most Interesting Frog in the World's picture

CNBC is your speed bitch.

Mon, 10/13/2014 - 07:08 | 5323275 max2205
max2205's picture

Buy the fucking glitch

Sun, 10/12/2014 - 22:07 | 5322612 The_Prisoner
The_Prisoner's picture

It's on like donkey-kong, or donkey-roo.

Sun, 10/12/2014 - 22:14 | 5322637 Yen Cross
Yen Cross's picture

 Big Time.

 I shorted gbp/aud into the Tokyo fix,

 I did VERY well.

  I suggested the USD wasn't that great of a trade.

 

Sun, 10/12/2014 - 22:35 | 5322705 The_Prisoner
The_Prisoner's picture

YC, you seem to be doing well in this crazy market.

I stopped trading forex about the time the currency wars started.

What's your recipe to keep you sanity and make money?

Sun, 10/12/2014 - 22:41 | 5322722 Yen Cross
Yen Cross's picture

  I trade for a living my friend.  I don't run a company, but have a lot of "private Equity friends".

 I like to see peope WIN. I like underdogs.

 

Sun, 10/12/2014 - 23:00 | 5322770 The_Prisoner
The_Prisoner's picture

So do I. I may someday go back into trading. But for now I'm sitting on the sidelines.

I miss when the market resembled, well, a market.

Good to hear there are individual traders still making money.

Keep winning!

 

Sun, 10/12/2014 - 23:59 | 5322869 techstrategy
techstrategy's picture

Yen: I am competely the opposite.   I commercialize fundamental science to build energy technology companies.  Always WAY early on "trades" because I always focus on fundamentals.  Anyway, I always appreciate your posts.   The internal imbalance within the global economy is completely unsustainable.   Looks like China has finally decided it has sufficient physical to effect the change.   We will find China with $4T USD ForEx and $ 1.1T UST asking with 10-14K tons of physical is a powerful force to deal with.   

I wish we'd just end the games and get about the work of rebuilding this country better than it was before...  if we had just a wee bit of courage, we'd realize that the US and Canada still have the highest natural resource per capita and all the knowledge required to be completely self sufficient...  We are about to watch globalization run in reverse and it should not frighten us --we are as well positioned as anyone. 

Mon, 10/13/2014 - 04:06 | 5323130 SAT 800
SAT 800's picture

Waiting is the hardest part. you're unnaturally smart and things become obvious to you that aren't going to play out for sixx months; I had the same problem. If you have a futures account; don't even try to predict the future; except by watching t he charts; after the price gets completely impossible then it's a 90/10 bet. Like the GBP right now; the price is a joke. they don't even have an economy. And it just popped up after the Scottish Scare; but just have a long time line; months; just be patient. FX will trend for months and make a lot of money. The dollar is going to kill the Pound. but slowly, slowly.

Mon, 10/13/2014 - 04:06 | 5323133 SAT 800
SAT 800's picture

It's really much easier than trying to pick stocks.

Mon, 10/13/2014 - 22:18 | 5327210 DipshitMiddleCl...
DipshitMiddleClassWhiteKid's picture

I feel this way too, it seems like alot of guys make money betting on events/ earnings calls using options with equities.

 

 

 

Mon, 10/13/2014 - 19:43 | 5326630 DipshitMiddleCl...
DipshitMiddleClassWhiteKid's picture

do you trade anything else??  (options) ?

Sun, 10/12/2014 - 22:15 | 5322640 NoWayJose
NoWayJose's picture

Answer yer damn phone Yellen before our market goes walkabout... The order balance is all to the sell side. We need a couple hundred billion in free money so we can prop it up a while longer.

Sun, 10/12/2014 - 22:23 | 5322656 ekm1
ekm1's picture

Yes, of course.

Same as staged suicides of level C bankers. 

Events all occur within a short period.

 

"Suicides" were a warning.

Now all these manually caused glitches happening one after another are a warning also

 

Of course, it will be blamed on the russians.

Sun, 10/12/2014 - 22:23 | 5322659 Glass Seagull
Glass Seagull's picture

Where: "technical glitch" = copious amounts of selling at the bid

Sun, 10/12/2014 - 22:25 | 5322664 CosmicDebris
CosmicDebris's picture

I haven't seen this many stories posted on ZH on a Saturday night in quite a while.

Sun, 10/12/2014 - 22:30 | 5322675 Ralph Spoilsport
Ralph Spoilsport's picture

LOL

Sun, 10/12/2014 - 23:04 | 5322779 CosmicDebris
CosmicDebris's picture

Err...Sunday.

Sun, 10/12/2014 - 23:40 | 5322834 Nobody For President
Nobody For President's picture

Thanks. I was beginning to think I have been drinking *really* too much...

Mon, 10/13/2014 - 04:07 | 5323134 SAT 800
SAT 800's picture

Whatever; we're politically correct and non-judgemental.

Sun, 10/12/2014 - 22:25 | 5322666 Yen Cross
Yen Cross's picture

  I'll take 2.5% and AAA+ any day.

 It was a "NO Brainer"

 

Sun, 10/12/2014 - 22:27 | 5322669 holdbuysell
holdbuysell's picture

Extreme buying glitches, however, are never halted. The Big Print will prove the point.

Sun, 10/12/2014 - 22:31 | 5322685 limacon
limacon's picture

Liquidity breaks down.
Unfortunately , they cannot suspend Ebola .
With your paper worthless , you might sonn need the poor mans Hazmat suit .

This has been historically battle proven . It might save some lives
Regards
Andre
xxxxxxx
http://andreswhy.blogspot.com/2011/07/rotting-clothing.html
https://www.academia.edu/8743634/Ancient_Mongolian_Hazmat_Suit

Sun, 10/12/2014 - 22:32 | 5322694 Yen Cross
Yen Cross's picture

 I saw this scenario on Friday.

  Yield spreads, in the short term bond market . I learned the game 5-6 years ago. Back when SNB and Bundsbank started hedging 2 year bonds against their F/X reserves.

 They needed liquidity and convertability.

Sun, 10/12/2014 - 22:48 | 5322737 Ralph Spoilsport
Ralph Spoilsport's picture

Always like your posts Yen. A personal goal of mine is to one day be able to understand what the hell you're talking about.

Sun, 10/12/2014 - 23:32 | 5322822 hairball48
hairball48's picture

Me too :)

Sun, 10/12/2014 - 23:16 | 5322803 chump666
chump666's picture

Remember YC,  the AUD sells first, the ASX will get it in the neck.  Split between miners and banks, the AUD is truly the share price for Australia i.e bonds spreads etc.

Now the ebola trade is upon us! 

 

Sun, 10/12/2014 - 23:10 | 5322784 Dazman
Dazman's picture

I was watching the SPI and was about to trade it in, until I saw the trend of a Vert Ramp rally back of 50pts and decided WTF. Either it was being manipulated or there really was a technical glitched that caused it to ramp like that because people were seeing the wrong prices. Either way, not good.

Sun, 10/12/2014 - 23:16 | 5322800 tribune
tribune's picture

do you think this may be practice for when the next time down happens, ie according to dow theory, the 3rd wave down (given that this has been a bear market rally- rising stocks and decreasing volume..)

Sun, 10/12/2014 - 23:47 | 5322849 Nobody For President
Nobody For President's picture

No POMO on Monday, and Tuesday only a measely .85 to 1.05 billion, Wednesday .95 to 1.15, and Thursday a pitiful .15 to .25 - so no QE rally this week. Maybe Draghi will save us.

Mon, 10/13/2014 - 00:15 | 5322893 ebworthen
ebworthen's picture

More "glitches" coming no doubt.

Can't let those markets go down.

Can't let a breeze hit the house of cards...

Mon, 10/13/2014 - 02:39 | 5323064 craus
craus's picture

Looks like re-calibration to me on the backstop AUD.JPY.

Was about ES_F value = 1893.75 with AUD.JPY = 93.500.

Now ES_F value = 1885.00 with AUD.JPY = 93.645 about slowly changing since about 7:00 EDT.

Looks like they can go lower on ES_F with a higher value for AUD.JPY.

Looks like they can go lower on Monday. I'm long yikes.

Unless they're rigging to go higher with AUD.JPY and USD.JPY.

Mon, 10/13/2014 - 02:44 | 5323065 craus
craus's picture

They're changing as I typed last.

Mon, 10/13/2014 - 19:45 | 5326637 DipshitMiddleCl...
DipshitMiddleClassWhiteKid's picture

they're anticipating bad AUD data tonight and want to stabilize it some

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