This page has been archived and commenting is disabled.
And The Market Breaks (For The 2nd Time Today)
The NYSE 'broke' from 930 to 950ET (levitating stocks after the plunge) and now it appears the exchange is having issues again as BATS declares self-help against NYSE...
- *BATS: ROUTING TO NYSE HAS BEEN SUSPENDED AS OF 10:38:43 ET
The market has been open 73 minutes and been broken for half that time!
- 6174 reads
- Printer-friendly version
- Send to friend
- advertisements -



a sell order tried to sneak through and, Blamo.
You mean a REAL sell order, not just a stop-hunt algo entering and cancelling trades every 2 microseconds?
I could see how that would be a problem.
We don't need no stinkin' volume!
Damn pesky reality keeps rearing its ugly head....
It takes time to reorder the trading sequence. Things need to have their timestamps adjusted so that JPM and Goldman win. Then we can hear how smart their traders are. Gruber smarts.
Yeah, Gino and Mario Rrr gona bring that guy a visit so that don happen no more
In the last 2 weeks I've seen Lloyds, RBS, Clydesdale and the BoE all say that their CHAPS system is down.
In the previous year I've not seen it once. It always happens early in the morning or around GBP cut off. IT fault or a lack of cash to make payments?
The "markets" have been broken since 2008. They were broke long before that, but 2008 is when they stopped being subtle about it.
Comcast Cable just started a new marketing campaign: "At least we're more reliable than the NYSE!"
going over industrial production
ZH didn't note prior (sept) was revised down from +1.0% to +0.8%
actually, worse ... since utilities ("the weather" ... i think it was too warm ... this time) was revised up from +3.9% to +4.2% (and iirc, the +3.9% was like the highest in 10 yrs for sept) ... while manufacturing got beat down from +0.5% to +0.2% ... business equipment for september revised from +0.3 to -0.4% (and august biz equip revised from -0.2% to -0.3%)
Fucking moon-bat would be the response if you said this would happen 5 yrs ago..
"markets" - LMFAO!!! ....that one never gets old.
imagine if the "markets" were to become markets again. stock prices would drop 50% in 1 week. there simply arent any buyers way up here. this bubble will pop. "this time is different" is never different.
markets....?
thats funny.
Any thoughts on why the exchanges are failing? Is HFT or cyber attacks?
Those are not the only explanations.
Well at least we can rule out high, or even medium, volume as being the cause
Central command and their "off" switch?
The hamster in the wheel died. The replacement hamster realised his fate and went on strike.
Computers playing against algos are not the market.
there is no market there is only old yeller
Would this happen if a large portion of entities tried to exit all at once? Just curious. I mean, what if we had a situation like Japan's and saw a potential 500 point drop. Would this be a mechanism to prevent, or at least stall, that event?
Shit happens for a reason.
I think the term 'May Flash Crash' comes to mind...
DavidC
What if the "flash crashes" were dry runs for what we are seeing now? I think I could count on my hand the times any stock exchange went down in the last 20 years prior to 3-4 years ago. In the past year alone it's been at least half a dozen times. And it isn't because of the volume.
Smells to high heaven.
I'm sure this what they'll do when everyone buys their options puts. They'll lock up the market and run the clock down...
Twenty-five years ago, I witnessed a literal shell game con artist tricking a man on the street. I tried to tell the mark what was going on. The shimsham shake-and-baker told me to butt out.
Why does it feel like that man later took a job on Wall Street?
Why gamble in a rigged casino when they can close the table down before you place a winning bet.
"Self Help" LMAO. That is all you need to know about these 'markets'.
I was wondering why stocks were going up...
Market breaks and opens higher - LMFAO. "Market".... what a misnomer.....