Nanex Research

Nanex ~ 1-Feb-2013 ~ Flash Crash Record Smash

On February 1, 2013, at 15:38:17, the stock of Pacira Pharmaceuticals (symbol PCRX) nosedived 13% in about 1/2 a second on 138 trades from 10 different exchanges (about 45,000 shares). Incredibly, it fully recovered less than a second later, which earned this stock, the title of the fastest flash crash ever. After market close, the exchange busted all trades below $18.92.

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