Nanex Research

Nanex ~ 11-Jul-2013 ~ Caution: Wide Quote Spreads at Market Open

1. PPO Trades color coded by reporting exchange and NBBO (gray shade).
A 100 share order (presumably) to sell, executed on EDGE at 39.52 - taking the price down significantly. Note the huge spread during the first few minutes.

2. PPO bids and asks color coded by reporting exchange and NBBO (gray shade).
Plenty of activity from orders being placed and canceled. No stale quotes here.

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