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Today's Mad 'Manipulated' World Of Markets; Or "How To Fit 2 Seconds Of Trading Into 1 Millisecond!"

Tyler Durden's picture




 

We noted earlier that something looked fishy into the close today - our so-called 'tickle-algo' appeared evident - but without the superlative HFT data that Nanex has, we had no way to know just how berserk things were. Here, for your viewing pleasure (with a hidden message) is the last 1 millisecond of trading in SPY today - a period in which as much trading data (quotes and trades) that would fit in two seconds of 'pipe' was blasted through the exchange networks. Nanex's 'Whac-a-mole' algo in all its glory - as they note "this has the strong odor of manipulation."

 

Nanex ~ 31-Aug-2012 ~ Whac-A-Mole in SPY

Whac-a-mole in SPY at the close on August 31, 2012. About as much trading data (quotes and trades) that would fit in 2 seconds of pipe, was blasted through the exchange networks in the last millisecond of the day. We estimate about $1 billion of SPY and 75,000 eMini contracts traded. The wild oscillations that are shown on the chart between 16:00:00 and 16:00:02 actually happened in the last millisecond of the trading session. Why the trades oscillate like that, we'll never know, but it has the strong odor of manipulation. And this event has happened before.

Charts below show the bid/ask spread (shaded) and trades (dots) color coded by exchange. For clarity, not all charts show all exchanges.

1. Dear

 



2. SEC

 



3. Please

 



4. do



5. your



6. job



7. so



8. we



9. don't



10. have



11. to



12.



13.



18. Here you can see the stellar progress being made on past events by our dear leader.


 

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Fri, 08/31/2012 - 20:25 | 2754260 Ineverslice
Ineverslice's picture

HF-Jackoffs-

Eat shit and die.

Fri, 08/31/2012 - 20:41 | 2754295 Ahmeexnal
Ahmeexnal's picture

Brings back memories of college.  I managed to squeeze 9 semesters....into 11.

Fri, 08/31/2012 - 21:03 | 2754331 Dr. Engali
Dr. Engali's picture

I managed to squeeze a full months worth of drinking into one night when I went to college.

Fri, 08/31/2012 - 23:06 | 2754499 q99x2
q99x2's picture

I managed to squeeze two co-eds.

Sat, 09/01/2012 - 07:17 | 2754745 OldPhart
OldPhart's picture

Fuckin' stacker chair...I managed to squeeze two nuts in less than a second.

Sat, 09/01/2012 - 11:43 | 2754992 Sylvia Plath
Sylvia Plath's picture

I have a friend at the CFTC that I constantly send this stuff too, and he brings it up to his boss who says, "WE DON'T HAVE TIME TO LOOK INTO CONSPIRACY THEORIES AND BLOG POSTS ON THE INTERNET".... 

Makes me wonder... what are they doing then? Especially when you hear CNBC taking material from ZH to begin with...

 

GO NANEX!!!

Fri, 08/31/2012 - 20:58 | 2754322 Everyman
Everyman's picture

All the needs to occur is to sabotage the 4 cell tower systems from chicago to NY.  Just start taken out nodes via power interruption, knock off a few of the emitters off the towers, or have an "accident" some how.  We know the routes, they were published in bloombergs piece about HF Trading and the cell microwave tower systems AND their data transfer rates.  Must be something that can scramble the system.

IF it is their pennies and trades the never happen, or our market, I vote for our market.

 

This is the "Matrix".

Fri, 08/31/2012 - 22:19 | 2754443 JohnG
JohnG's picture

Project Mayhem may be required.

Sat, 09/01/2012 - 00:19 | 2754562 brokenclock
brokenclock's picture

Why is this so easy to trace and see the fraud? Why doesn't the SEC use this same information to stop this nonsense?Why doesn't someone raise money and advertise this on a major network during a Sunday golf event? (right before every investment commericial, use a cheap local cable buy and hit 50 major markets) This is all the proof anyone needs and if the general public saw this, they would pull all 401K accounts and close them. Also show how bought and paid for our watchdogs are.

 

Stop crying on this site and do something about it.  There are so many peole on here with real  money to bring this out. Play there game better then them. If you can't then your the sheep. You know therfore: educate, inform, and make a difference.

SHOW EVERYONE HOW CAPTURED OUR REGLATORS ARE AND CUT OFF THE MONEY SUPPLY IN ONE SWOOP.  They dont care about you complaining on this site. Raise the dam money and do something about it. Smack them right across the face with it. Go after the money the same way they did to you.

I will donate 10K umbrellas and give them out at the next big golf event That read's SEC is Captured.  I would prefer to do the Masters on Sunday for maximum impact.

 

With that said. I read zero hedge every day. On here several times a day and see such great factual posts. Zero Hedge has nailed the HFT manipulation with pinpoint accuracy from day one.  Stop waisting your time calling people trolls and bitchen about the biatchez.  There are a ton of powerful, creative, writers and marketing people in here. Organize now.........

 

 

 

 

 

 

 

Sat, 09/01/2012 - 14:29 | 2755234 MarcusLCrassus
MarcusLCrassus's picture

Do eeeet!

 

Strategically done there's quite a few of these evil finiancial terrorist corporations that could be wiped out as a result.

Fri, 08/31/2012 - 20:26 | 2754262 smiler03
smiler03's picture

Picosecond Bitchez!

Fri, 08/31/2012 - 20:37 | 2754283 Ineverslice
Ineverslice's picture

1 x 10-12 sec?

Fri, 08/31/2012 - 21:30 | 2754377 e-man
e-man's picture

Hey, if you're going to disregard the law, why stop at the laws of quantum physics? 

Fri, 08/31/2012 - 20:31 | 2754272 Zero Govt
Zero Govt's picture

looks alot like the algo mega-micro manipulation to keep the Flopbook IPO above $30 before the close

the dastardly fingerprints of electronic toilet flush mechanisms weilded by financial crooks ..the SEC are on the case (yawn)

Fri, 08/31/2012 - 20:31 | 2754273 Deathrips
Deathrips's picture

I think they aught to manipulate that sock of regulators heads so they can bring some integrity back to the market. Cause it has been and is rediculous.

Fri, 08/31/2012 - 20:37 | 2754282 ekm
ekm's picture

I have said it, I am saying and I will always say it:

Just imagine Zerohedge did not exist? Oh crap, I can't even fathom it. We would never ever know all this theft happening in the market.

 

Thank you to all Zerohedge writers, regardless of whether I agree or disagree with what's writen.

 

Fri, 08/31/2012 - 21:15 | 2754355 saturn
saturn's picture

If there was no ZeroHedge, there would be a lot more suicides due to Cognitive Dissonance. // double sarc

Fri, 08/31/2012 - 20:39 | 2754290 nmewn
nmewn's picture

So, the SEC isn't into chart porn?...could be an issue.

Fri, 08/31/2012 - 20:44 | 2754299 CalibratedConfidence
CalibratedConfidence's picture

And this on the day Direct Edge CEO admits on CNBC that he doesn't know what HFT is

http://www.floatingpath.com/2012/08/31/direct-edge-ceo-knight-trading/

Fri, 08/31/2012 - 20:52 | 2754304 Cognitive Dissonance
Cognitive Dissonance's picture

The chart titles are just too funny.

 

1. Dear

2. SEC

3. Please

4. do

5. your

6. job

7. so

8. we

9. don't

10. have

11. too.

Simply Priceless.

It looks to me like it was simply a normal last millisecond end of day rush to beat the weekend traffic out of the city and not blatantly obvious manipulation. The new normal. /sarc

Fri, 08/31/2012 - 21:13 | 2754347 saturn
saturn's picture

The LulzSEC don't respond to SOS, I'm led to believe.

Fri, 08/31/2012 - 21:40 | 2754391 Ahmeexnal
Ahmeexnal's picture

12 and 13 were left blank.

 

12. behead

13. bankers and politicians

On second thought....we can only hope and pray that the SEC does not do its job.

Fri, 08/31/2012 - 20:47 | 2754308 exodus11
exodus11's picture

That's funny. We might need someone to interpret this message for the SEC.

Fri, 08/31/2012 - 20:57 | 2754310 Meesohaawnee
Meesohaawnee's picture

foul odor? that was more like a deep stench of a rotting corpse. kinda like the market. yea. not that the dow matters, but you go from +119 to +90 in a fart? yea it was obvious.. Wall Street.."gee , we just cant understand why retail wants no part of this and the longer this goes never will"

Fri, 08/31/2012 - 20:56 | 2754318 Dr. Engali
Dr. Engali's picture

Neo: Do you always look at it code?

Cypher: You have to the matrix is too big. All I see is blond , brunette, redhead...

Fri, 08/31/2012 - 21:03 | 2754329 Cognitive Dissonance
Cognitive Dissonance's picture

CD: All I see is Goldman Sachs, JP Morgan, Morgan Stanley.....

:>)

Fri, 08/31/2012 - 21:04 | 2754333 Dr. Engali
Dr. Engali's picture

Lol good one CD.

Fri, 08/31/2012 - 21:12 | 2754341 saturn
saturn's picture

Someone at Jackson Hole took a dump no less. The sewers must be ripe for a full reconstruction if it took only a millisecond, I believe, and the roof too.

Sat, 09/01/2012 - 04:18 | 2754662 TraderTimm
TraderTimm's picture

Cypher: Whoa, Neo. You scared the bejeezus out of me.
Neo: Sorry.
Cypher: It's okay.
Neo: Is that...
Cypher: The Matrix? Yeah.
Neo: Do you always look at it encoded?
Cypher: Well you have to. The image translators work for the construct program. But there's way too much information to decode the Matrix. You
get used to it. I...I don't even see the code. All I see is blonde, brunette, red-head. Hey, you a... want a drink?
Neo: Sure
Cypher: You know, I know what you're thinking, because right now I'm thinking the same thing. Actually, I've been thinking it ever since I got here. Why, oh why didn't I take the blue pill?... Good shit, huh. Dozer makes it. It's good for two things, degreasing engines and killing brain cells. So, can I ask you something? Did he tell you why he did it, why you're here? Jesus. What a mind job. So you're here to save the world. What do you say to something like that? A little piece of advice. You see an agent, you do what we do. Run. Run your ass off.
Neo: Thanks for the drink.
Cypher: Sweet dreams

 

The reality is that the HFT has been pulled over everyone's eyes and either they accept it, or they defy it and lose. We need out of this automaton prison.


Sat, 09/01/2012 - 05:12 | 2754677 lewy14
lewy14's picture

Careful. Do not become overwrought. Retain perspective.

What we have here is a rip off - subtle, and yet blatant at the same time - an orchestrated theft by a hord of high tech looters operating indirectly against more or less everyone.

We enjoy the capacity to gather, evaluate and discuss the evidence of this theft at our lesure. This is a luxury and freedom that no other generation of human beings has enjoyed in quite the way we are.

And be under no illusion that other generations did not suffer from homologous rip offs. They did.

Even the powers that be suffer - I believe it was Diocletian who was undermined by the backlash from guild who minted Roman coins when he dared to interfere with their systemic theft of Roman silver.

Yes, we're being swindled. No, nobody standing for election in either party will do a damn thing about it. Like the war on drugs, the TSA/Homeland Security and the general militarization of the police, it is largely beyond the ability of any elected official to control.

Whatever levers the people's representatives might once have had, have been removed.

What levers then remain to the people themselves? This is the only question worth pondering.

Sat, 09/01/2012 - 07:22 | 2754748 OldPhart
OldPhart's picture

"What levers then remain to the people themselves?"

 

The lever built into my .45's trigger are working fine.

Fri, 08/31/2012 - 21:08 | 2754340 resurger
resurger's picture

The pic nailed it big time

have a nice weekend bitchez

Fri, 08/31/2012 - 21:09 | 2754343 Squid Vicious
Squid Vicious's picture

Strange things are afoot at the Circle K

Fri, 08/31/2012 - 21:16 | 2754356 intric8
intric8's picture

looks like a tight pack of penguins trying to run up an iceberg. http://xanalyser.blogspot.com/

Fri, 08/31/2012 - 21:21 | 2754366 spanish inquisition
spanish inquisition's picture

Looks like fishing expedition before the long weekend for other algos at the 51 mark with a lindy rig.  Move the bait around with a light twitch to see if there are any algos around and feel for  some bumps. Feel the bite at the 55 mark. Let him run and swallow at 56.5. Set the hook at 59. Walleye dinner tonight!

The biggest algo on the block can read and front run most all the other algos. There are some badass math nerds out there.

Fri, 08/31/2012 - 21:32 | 2754380 intric8
intric8's picture

I think these math nerds that got involved with the financial markets are some of the real culprits here

Fri, 08/31/2012 - 21:31 | 2754379 ZeroAvatar
ZeroAvatar's picture

Tylers, you mean we got shitpiped by Tickle-me-Algo?  Is that what you REALLY mean?

Fri, 08/31/2012 - 21:53 | 2754406 Arnold Ziffel
Arnold Ziffel's picture

Excellent research. Thank you!

Fri, 08/31/2012 - 23:52 | 2754534 HeavydutyMexica...
HeavydutyMexicanOfTheNorthernKingdom's picture

12. get

13. real jobs.

Sat, 09/01/2012 - 00:20 | 2754564 BlackholeDivestment
BlackholeDivestment's picture

...I can fix it. http://www.youtube.com/watch?v=A5cneCgNA9U

It's simple. Just put all the SEC employees on the lowest government TSA base 28K salary, then make team(s), like a private company, that are based on earned commission bonuses from convictions, and establish a measured portion from penalty gains. They can reach higher base pay for indictments upto their personal GS level, only if the conviction rate average is above 95%. Then have the financial crime court judges principle portion of the penalty gains go into the judicial retirement account, lol. Then corruption gets turned on it's head. Lol.

Wow, a penalty based incentive, lol, imagine that for these porn addicted putzes. That would speed things up to a professional level and weed out the tares. http://www.youtube.com/watch?v=lbToyNYCzSg

Sat, 09/01/2012 - 00:24 | 2754572 Arkadaba
Arkadaba's picture

oops!

Sat, 09/01/2012 - 00:40 | 2754585 Juan Wild
Juan Wild's picture

OT. The DOW, S&P, and NASDAQ charts are always the same. Is this not sort of like, hey fuck you all we don't care what are you gonna do about it? Report us to SEC??? LMFAO
See for yourself
http://www.finviz.com

Why don't they just combine them all? Seems like we get 3 flavors; chocolate, chocolate, and chocolate.

Sat, 09/01/2012 - 01:49 | 2754615 Colonel Klink
Colonel Klink's picture

One wonders when there will be a defection from their ranks.  Then again, those usually end up getting suicided.

Sat, 09/01/2012 - 02:18 | 2754626 Godisanhftbot
Godisanhftbot's picture

 Send the hft shops back to mugging old ladies in dark alleys , and bring back SOES trading where market makers have to bid 1000 up and prices moved so you could see them .

 

 

 

Sat, 09/01/2012 - 02:39 | 2754634 EverythingEviL
EverythingEviL's picture

Eh...SEC doesn't notice anything unless it's PORN. Include some porn in those charts and we might be cooking with fire!

Sat, 09/01/2012 - 05:55 | 2754699 London Dude Trader
London Dude Trader's picture

Weekly options. 

Sat, 09/01/2012 - 07:34 | 2754755 mind_imminst
mind_imminst's picture

Volumes are getting lower. Is it because real traders and investors do not trust the market anymore? I hope so. That would leave the HFTs alone to scalp each other and make no profit. It would leave the FED with little (or lesser) recourse to affect the REAL economy.

Sat, 09/01/2012 - 10:25 | 2754832 fade2black
fade2black's picture

How Algorithms Shape Our World

http://www.ted.com/talks/lang/eng/kevin_slavin_how_algorithms_shape_our_...

Find the Red Button.

Sat, 09/01/2012 - 11:19 | 2754962 Mark Wilson
Mark Wilson's picture

That was very interesting. Thanks for posting.

Sat, 09/01/2012 - 10:07 | 2754861 AxiusAtlanta
AxiusAtlanta's picture

uhhhh, there was a RUSSELL 1000, 2000 quarterly rebalance as of the close 8/31/12....................

 

Sat, 09/01/2012 - 10:38 | 2754895 asteroids
asteroids's picture

I would luv to know who the actual parties were at the end of those trades, not just the exchanges.

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