Dear regulators, and commodity futures exchanges.
While we are delighted that you take advantage of the daily posts on Zero Hedge detailing flagrant spoofing across various asset classes (which you used to promptly ban two low-level gold manipulators yesterday [8]), the reality is that with every passing day the market becomes more disjointed, more fragmented, more broken.
Here are today's numerous examples which stretch far beyond mere spoofing and which we leave in your capable hands to ignore until such time as the entire market ultimately collapses under its own weight.
First, here is the NYSE breaking:
NYSE has a disproportionately high number of market structure failures. This is $EOG [9] (blue is NYSE) pic.twitter.com/9nt9yFyQ2J [10]
— Eric Scott Hunsader (@nanexllc) May 1, 2015 [11]
Then just before the close, as the ETF closing auctions tried to balance off the buyers with the sellers on the "market on close", first we got a flash crash in LLY:
$LLY [12] just flash crashed - all exchanges participated pic.twitter.com/IYFq0vFwty [13]
— Eric Scott Hunsader (@nanexllc) May 1, 2015 [14]
... followed by a flash smash then crash in SAP:
Double market structure fail in $SAP [15] 1st up, then down! (gray dots): pic.twitter.com/ZuIFNKG5yn [16]
— Eric Scott Hunsader (@nanexllc) May 1, 2015 [17]
... and then, just to punctuate how broken it all really is, the entire Russell 2000 ETF, the IYR, flash crashed.
$IYR [18] had a mini flash crash in the last few seconds: pic.twitter.com/SKsNq6Suc0 [19]
— Eric Scott Hunsader (@nanexllc) May 1, 2015 [20]
... concluding with a flash smash in none other than the world's most valuable company, AAPL.
Chart of $AAPL [21] showing those rogue trades (connected by lines) pic.twitter.com/QHRbGSzHii [22]
— Eric Scott Hunsader (@nanexllc) May 1, 2015 [23]
