Nanex Research

Nanex ~ 25-Apr-2013 ~ HFT Broke the Stock Market

How does a stock drop from $10 to $0.0001 in 1/3 of a second, during which time, 600 orders are placed and canceled?

The exchange canceled trades below $10.15 later in the day. There is no incentive to stop this from repeating.


       


Nanex Research

Inquiries: pr@nanex.net