Nanex Research

Nanex ~ 30-Aug-2012 ~ Mindless Chatter

The SEC has stated on more than one occasion that it isn't worth the effort to look at data in resolutions under one second, because it's just noise. Follow us "down the rabbit hole" as we drill down from 1 second to 1/1000th of a second and see what we find. Note: this is a continuation from this page.

Each chart shows the National Best Bid/Offer spread (NBBO) as gray shading. The top of the shading is the best ask, and the bottom is the best bid. Bids and offers are shown as triangles color coded by exchange. Triangles pointing up represent bids, triangles pointing down represent offers.

1. MEI 1 second interval

2. MEI 50 millisecond interval

3. MEI 5 millisecond interval

4. SIG 1 second interval

5. SIG 1 second interval

6. SIG 100 millisecond interval

7. SIG 25 millisecond interval

8. HSH 1 second interval

9. HSH 100 millisecond interval

10. HSH 25 millisecond interval

11. HSH 1 millisecond interval

12. KYO 1 second interval

13. KYO 50 millisecond interval

14. KYO 10 millisecond interval

15. KYO 1 millisecond interval



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