Nanex Research

Nanex ~ 28-Sep-2012 ~ Whac-A-Mole Hides from the SEC

On September 28, 2012 a very easy to spot instance of Whac-A-Mole, also known as Layering, and Illegal!

1. CWST 100 millisecond interval chart showing trades and quote spread for NYSE-Arca and Nasdaq


2. CWST 50 millisecond interval chart showing trades and quote spread for NYSE-Arca and Nasdaq


3. CWST 25 millisecond interval chart showing trades and quote spread for NYSE-Arca and Nasdaq



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