Nanex Research
Nanex ~ 12-Dec-2012 ~ GDI and SPW
SPX Corp (SPW) made a bid for shares of Gardner Denver (GDI) causing the price of SPW to fall and GDI to rise. But not at the same time, apparently. The price
of GDI exploded higher 2 seconds before the price of SPX dropped. Maybe that's how long
it takes to secure shares to sell short and there weren't any ready sellers of SPX. Because 2,000,000 microseconds is a long time in our High Frequency markets.
1. Trades of GDI and SPW plotted together. GDI prices are above $70.
2. Zooming in on Chart 1, we can see that GDW rallied 2 seconds before
trades in SPW.
Click Start/Stop to run a slide show of all 6 images. Or click Prev/Next to step through them one
at a time.
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