It appears the crucial link between HFT algos and the options market just broke as BATS options exchanges have declared self-help again NASDAQ ISE. VIX is spiking as stocks open, but stocks limping very modestly lower.
- *BATS:ROUTING TO NASDAQ ISE HAS BEEN SUSPENDED AS OF 09:32:33 ET
- *BATS BZX OPTIONS EXCHANGE HAS DECLARED SELF-HELP VS NASDAQ ISE
- *BATS EDGX OPTIONS EXCHANGE HAS DECLARED SELF-HELP VS NASDAQ ISE
Certainly some odd behavior around the open... as VIX spiked into the open...
But once the market broke - VIX collapsed and stocks surged...
Same old, same old.