With 60 Minutes Left, NYSE Volume At New Record Low Run-Rate... Again

Tyler Durden's picture

It has officially become boring to joke about jokes about the record low volume, but here goes.

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N. B. Forrest's picture

This article is so boring no one is even leaving any comments.

Popo's picture

Ironically, we need a massive crash to get the volume back up -- and to get people believing in markets again.

ZerOhead's picture

What the NYSE needs to bring in more stupid money is a new advertising campaign to compete with the neon lights and naked billiard games in Las Vegas.

Some glitzy TV commercials chock full of sex and sizzle... free alcoholic beverages, coke and hookers from your broker... and a chance to win big money fast with the days biggest winners appearing on the evening MSM news.

And the NYSE has a major advantage here as HFT can make you a zero/sum winner or loser now in mere microseconds. Roulette wheels and slots on the other hand seem to take forever...

vast-dom's picture

you can't starve this beast until you chop it's head off = indict the chief counterfeiter Bernanke!

mberry8870's picture

Dude, I think he would be considered a Banker and you know we don't indict bankers.

lolmao500's picture

Good, the floor in liquidity has been set!! Bullish!

/channels CNBC

svc101's picture

how'bout summer doldrums?

A_MacLaren's picture

Just waiting for Labor Day weekend to come and go.

And when the volume doesn't return in a little more than a week?

It's just the fall doldrums, extended summer vacations, and <insert_next_excuses_here> right?


Can you say: "Broken market." ?


WhyDoesItHurtWhen iPee's picture



..... when the musics over

turn out the lights

turn out the lights ......

Jason T's picture

I can feel it.. 

the mother of all quiet before the storm?

amadeusb4's picture

So there you have it boys and girls, market converges on a respectable 1410 as volume goes to zero. Just in case anyone wondered what the market would FINALLY end up at, it's 1410! Thank you for playing, all your option premium are belong to us.

Boilermaker's picture

The IYR and REITs just SOARING right along, effortlessly.

Does the entire fate of the world right on the valuation of CRE?

Bastiat009's picture

Is the NYSE losing money yet?

Hype Alert's picture

One has to wonder with them paying HFTs to wave their arms like there is some interest in trading anymore.   Excuse me, did I say trade?  I meant pay a fee so someone can rip you off.  That's not trading.

ThisIsBob's picture

I hope they are losing it hand over fist, minute after minute.  Maybe the HFT techno-parasites with whom they are in bed, will give them a wee kiss bye-bye now that there is no good money to front run.

Waterfallsparkles's picture

Is the NYSE losing money yet?

Interesting questions as they give rebates to the HFT Computers.  Yet, if the HFT Computers do not generate any paying trades, then what happens to their profit?

Everybodys All American's picture

They have to be as are broker dealers who no longer actively trade client accounts. This market is like a small cap in runoff mode. Scalping it down to zero traders eventually.

debtor of last resort's picture

The volume of the inevitable collapse will compensate things.

q99x2's picture

Volume of articles on ZH is also low today.

Conman's picture

0 volume means time for algos to ramp it up!

ParkAveFlasher's picture

In Soviet America, exchanges boycott you!

Flaming Ferrari's picture

I don't see anyone joking

MachuPicchu's picture

This is becoming an algos against algos trade.. then Skynet will launch nukes..!

Meesohaawnee's picture

Hey bubble vision.. blowhorn. cnbs.. What did they say on MNF many years ago? "Turn out da lights.. the parties ova............"

Everybodys All American's picture

lol ... at profile name. Made my day that's how bad it's been.

TrustWho's picture

...When the institution in charge of our currency, a hybrid corporate/government institution (Definition of Kleptocracy), is counterfeiting the currency, can you trust any contract?

Hype Alert's picture

The GM bond holders are a little more skeptical these days.

Brazillionaire's picture

Usain Bolt is in lane 1.  You wanna run? BTW, you have to bet on yourself.

Xibalba's picture

What is 'volume'?  Is that like Bigfoot?

Brazillionaire's picture

"Volume" is what I crave for my hair. If I had hair.

EscapeKey's picture

A couple of images:

NYSE Q1 volume since 2005:


HFT trading as part of total trading since 2004:



Essentially, two thirds of all equities trading is supposedly done by HFT. This means that the Q1 2012 average volume done by human trading was a third of 3.9b shares, ie at 1.3bn shares.

In 2005, however, HFT stood for less than a third of 2.0bn shares/day, ie, human trading was around the 1.3bn shares mark.

Obviously, when you then take into consideration the polarization of wealth, this number (ie 2012=2005 equivalent) is almost certanily done by a lot fewer investors. It would be interesting to see the average trade size, but obviously all the HFT noise would make this data almost impossible to come by.

Meesohaawnee's picture

but but but CNBS last night told me the "big money was buying equities"!! this cant be. CNBS not a paid propaganda machine? they wouldn never lie or tell a half truth?

youngman's picture

Wherever all the people went for vacation...it looks like they are not coming back....

madcows's picture

Well, of course volume is down.  Inflation ate the middle class' disposable (investable) income.  Now it's just bots trading with bots.


on a side note:

Real unemployment at 22.5%

real Inflation at 8.5%

Real misery index at 31%

Black Markets's picture

How much of this is seasonal?

I notice the chart doesn't extend to last summer. How come?

Summer is always quieter isn't it?

Can someone at ZH quantify this?

Random_Robert's picture

I just don't get it...


Human based trade volume is evaporating, HFT proportion of overall volume is accelerating, and yet it seems that there is some fancy new trade platform released almost every week...?

I see more commercials for new trade platforms during each weekend's golf tournament coverage than I used to see for rogaine when it first came out.


What gives? are all these trade platforms only enrolling 1-5 traders each? Is each one only generating 5 trades per day?


And why is the number of exchanges not declining/consolidating? 

WoodMizer's picture

Bathrobe gambling addicts keep changing casinos, trying to find the loose slots.

FRBNYrCROOKS's picture

I saw the commercial for the new, market up or market down trading program. You can trade whether you think gold will be up or down, pick your expiration date. WTF? I have, officially unenrolled in direct deposit and now cash my paychecks. I am, really, going to cash. I feel a bank holiday coming as part of a new "economic program". Forget about it!

Dead Canary's picture

It's a game of Battle Bots. (Where the audience is decapitated)

intric8's picture

Yep. The quants will flash crash our sheeple asses a thousand points down the dow if necessary, take out ALL our stops. Take our muppet asses out of the game, again.

Turin Turambar's picture

There's one thing that doesn't suffer from record low volume - articles about record low volume!  :-O

adr's picture

Humans can try to trade down the market. The bots will just trade it right back up.

Reality causes oil to drop over $2.50 but then once the human trades are fed through, the bots just start taking oil back up to the level of the previous day.

Bildeberger's meet in secret and set the levels they wish the market to be at the end of every month. The algos are programmed to make that level a reality. Once you see them market move over an over for no apparent reason, there must be a reason hidden somewhere.

Welcome to the United Scams of America. Soon to become the WFU, The World Fleecing Union, known by its other acronym, We Fuck U.

billwilson's picture

Only crumbs left for the giant vampire squid ... all other muppets have already been eaten.

Waterfallsparkles's picture

Follow thru on Weekly Options.  May as well take Thursday thru Monday off, as stock prices will be pinned to Option prices for those three days.

And the HFT just plays ping pong all day.

Mr Lennon Hendrix's picture

This is like Jurassic Park when they are hiding from the T-Rex.