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Home > This Is What Happens When The 'Unrigged' Market Breaks

This Is What Happens When The 'Unrigged' Market Breaks

By Tyler Durden
Created 09/15/2014 - 09:41
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 09/15/2014 09:41 -0500



 

It appears Rule 575 is having an impact today [5]. Quietly this morning, CBOE traders were told at 1027ET that the S&P 500 index was "currently unavailable for trading." As the following chart shows, this halted a drop in the market and instantly enabled a levitation to near the day's highs. Unrigged?

 

This happens...

 

 

And then this happens...

[8]

 

It appears Rule 575 is really messing things up for the high-beta chasers... [5]

[9]


 

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Source URL: http://www.zerohedge.com/news/2014-09-15/what-happens-when-unrigged-market-breaks

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/12199
[3] http://www.zerohedge.com/taxonomy_vtn/term/8993
[4] http://www.zerohedge.com/taxonomy_vtn/term/12423
[5] http://www.zerohedge.com/news/2014-09-08/these-kinds-market-rigging-practices-will-no-longer-be-allowed-cme
[6] http://t.co/audYGq6AZ0
[7] https://twitter.com/MarketPlunger/status/511522005087436800
[8] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/09/20140915_SPX.jpg
[9] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/09/20140915_SPX1.jpg