How to read this chart
Nanex Ongoing Research
Nanex ~ 1-NOV-2012 ~ KEY Quote Stuffer
This is not price discovery! There is NO reason for this!
(earlier in the day we saw the same algo running in
BAC)
| On the day of the flash crash: | 1.8 Million quotes | 127,000 trades |
| 6 Minutes of this algo running on 11-01-12: | 5.8 Million quotes | 137 trades |