The most 'liquid' FX cross in the world... just flash-crashed...
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"Stay liquid, my friends". #EUR [5] / #USD [6] pic.twitter.com/johmjkQtnx [7]
— MacroTourist (@Gloeschi) April 6, 2015 [8]
Perhaps this, as we discussed only this morning, will help clarify who is 'providing liquidity'... [9] The one asset that is responsible for Virtu's trading dominance is no longer stocks, bonds, options or commodities. It is...
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And in case it was not highlighted well enough, here it is again.
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So this was nothing but an algo-inspired 60 pip vertial waterfall stop hunt to eliminate any resting orders from a vacationing Europe ahead of tonight's Asian open...
