NYSE Reviewing Trades In 148 Symbols Between 9:30 And 10:15

Tyler Durden's picture

At least the market was broken for at most only 148 stocks. If it was all of them, we would have Flash Crash part Mon Dieu which would confirm that the "market" is nothing but a programmed, or "fixed" to use the parlance of our times, vehicle with which to conduct monetary and fiscal policy, now that the actual underlying economy is just as broken. Of course, good of the NYSE to be on top of its own busted mess. Perhaps this means they will not be able to blame the Nasdaq for this particular epic humiliation?

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Dr. Engali's picture

So...when the financial markets finally blow up for good ,what are we going to talk about?

ihedgemyhedges's picture


malikai's picture

All they are going to do is reverse the trades which hurt their favourite algos.

idea_hamster's picture

  "from 9:30:00 to 10:15:00"

So, 45 minutes?

That's 2,700,000,000 micro-seconds in algo-land.  By the time you've review those trades, the machines have turned your portfolio, lunch, and offspring into gray goo.

GLWT -- kthxbi.

francis_sawyer's picture

aHa!... I've found the culprit!... Now ~ Let's just reverse that trade & everthing will reset back to normal... Ready?... Push reset button NOW!



Levadiakos's picture

Waddell and Reed stike again. Case closed!

FlyoverCountrySchmuck's picture


"Knight Capital Experiencing Delay in Processing Stock Orders: Clients urged to execute trades elsewhere"


Dr. Richard Head's picture

Computers are not corporations, therefore they cannot be people. 

Debtonation's picture

I think I should take physical delivery of all stocks from now on

The trend is your friend's picture

They have changed the rules on phsyical delivery of your stock certificate.  you will have to pay a ridiculous fee to have the shares delivered versus maintained in your brokerage account.  They can't hypothicate your stock and make even greater sums.  Call them up and find out what the fee is 

Winston Churchill's picture

Well,they had to do something with that MERS registry,didnt they ?

Debtonation's picture

That figures.  It's all part of the dream that the "market" can be securitized completely electronically.  This has been the goal all along, eliminate physical ownership so that the whole system can be "controlled."  Pretty soon it will just be illegal to take physical ownership of anything.

Hobbleknee's picture

You don't own your house either.  Property taxes = rent = serfdom.  Actually, you don't even own yourself, since income tax makes you a slave.

astoriajoe's picture

maybe we'll trade recipes for the best way to cook rat or whatever roadkill we find as we scavenge for food?

Lost Wages's picture

I'm interested in learning how to grow weed year round without modern hydroponics. I hope I don't have to spend any time sober after the collapse.

astoriajoe's picture

...although having the munchies in addition to chronic hunger will really suck.

Vagabond's picture

Which is why the hydroponic garden needs more than just weed.

Lost Wages's picture

The surrouding environment will hopefully provide animals, plants, and neighbors to eat. (hahaha. cannabalism joke.) But unfortunately in some climates marijuana will only bloom during certain times of year.

Vagabond's picture

With or without modern hydroponics?  Cause if you meant with...  I'll be releasing a series of videos on modern hydroponics and my two backyard hydroponic greenhouses in the coming weeks.  An interesting topic indeed.

Lost Wages's picture

I'm thinking I won't be able to get supplies, electricity, etc, so I'll have to rely on nature or some kind of horticultural knowledge that was lost when the indigenous were slaughtered.

Lost Wages's picture

After civilization collapses, I think there will be more vermin running around than we know what to do with, because civilization was the only thing killing them off. Wait, what was the original post about again?

DavidC's picture

Bunny rabbits, clouds, other fluffy things...


slaughterer's picture

It smells like the "da boyz from Newark" (Knight Capital) are behind some of these crazy, psycho moves.

Hype Alert's picture

Their goal is to not have it blow up.  In doing so, they will convert it into nothing more than a display for red and mostly green numbers they want you to see.  Dark pools will be the real market.  HFT's skim the difference between the display numbers and the real numbers.


Oh wait, we're already there.  Never mind.  Move along.  And never forget, the SEC is looking out for the little guy.  The little guy will be the one's wearing the target.

Beam Me Up Scotty's picture

"So...when the financial markets finally blow up for good ,what are we going to talk about?"

We will talk about gold and how nice everyones stack looks.  The nice thing is, the Algo's can't touch the gold that we have in possession.

GMan_'s picture

We're gonna talk about the futures market after.

FieldingMellish's picture

Result: Nothing found... move along... markets are just fine...

MsCreant's picture

Everyone hanging on this crap with bated breath...bah! Who gives a fuck?

idea_hamster's picture

I think you meant, "Everyone hanging on this bait with crap breath."

We've been suckered in and forced to eat shit for soooo long, it doesn't even register any more.

transaccountin's picture

check out stocks MTW, DE, AND KWK for serious psycho action

Jake88's picture

Mammoth volumes ramping prices up.

Osmium's picture

Looks like someone forgot to test the code before releasing a new version.

Jim B's picture

Instead of fixing the underlying problem......  They just cancel the trades......  What a sad joke!

Mr. Poon's picture

If they cancel the trades again it will send a perfectly clear message to the markets:  let your algos run wild and don't bother to test them or fix bugs in them, because if they go crazy, the exchanges will be waiting there to make good on your losses.

SheepDog-One's picture

Cancel the trades...that is IF there were losses to the wrong people involved! If they were up 5%, there would be nothing to even look at.

dvsteenk's picture

it's about time

slaughterer's picture

We started laying out "joke bids" and got some filled.  Hope they do not get cancelled now.  

Mesquite's picture

Makes Trout fishing look tame (almost)...

LawsofPhysics's picture

Just outlaw selling and be done with this sham already.  Only the "right" people will be allowed to sell, or steal.  Where is John Corzine?

youngman's picture

What they shoudl do is pull the companies license to trade...forever....and seize and destroy the computer

exi1ed0ne's picture

. . .and there would be an new company formed using the same software, devs, and backers within days. New front men though, since the old ones served their purposes.

Perpetual motion discovered!

derek_vineyard's picture

Maybe some algo did it just to prove he/she can.

doc_in_the_house's picture

NO QE3 today =

1) sell off in casino stock "market"

2) sell of in treasury toilet paper = higher rates

3) sell-off in physicals and commodities

Beam Me Up Scotty's picture

Probably right.  If no hopium today, the stawk market will shrug and figure it will come next month.  I'll buy some PMs if they go on sale though.

pods's picture

Stuxnet coming back to bite us in the ass.

The Axe's picture

Joke....not a funny one either....nothing will happen  There worse the the fucking IOC