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Strange Days 05/16/2011


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On 05/16/2011 the stock TJX saw one trade hit approx. 8% away from the current price. What was interesting about this bad trade was the fluttering bid from BATY (alternating between $54.63 and $50.22). As the chart and text below show, one trade hit the lower bid:

TJX - TJX COMPANIES




From Time and Sales we see the quotes from BATY fluttering (shaded):




From Time and Sales we see the single trade (shaded):




Approx 40 minutes later the trade was cancelled:
;tc|NxTime|Symbol|Listed Exg|CorrectionType|OrgSeq|OrgCond|OrgPrice|OrgSize|
12:48:16|eTJX|NYSE|Cancel;Busted;|529223|95|50.22000|100|



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Publication Date: 05/16/2011
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