Broken Market: Short Muni ETF Flash Smash +43%
Presented with little comment except absolute incredulity that this is still occurring day-in and day-out with no real discussion beyond our friends at ITG...
*SHORT MUNI ETF PAUSED BY CIRCUIT BREAKER ON RISE OF UP TO 43%
SMB just jumped 43% in seconds on a string of 100/200 lot trades cascading up and then disappearing as circuit breakers halted it.
and courtesy of our friends at NANEX:
From $17.84 to $25.54 in 5 seconds!
And where the quotes really went... "Dear Mary, thank you for the wonderful stub quote ban"...