Nanex Research
Nanex ~ 16-Jul-2013 ~ SODA Popped
On July 16, 2013, at 11:53:22 the stock of SodaStream International Ltd (symbol SODA,
market cap $1.17 Billion) suddenly plummeted from $58.28 to $55 (6%) in 1/2 second.
10 exchanges and an unknown number of dark pools participated in the frenzy. Within
about 2 seconds, most of the price recovered. Incredibly, there were at least 4 orders
placed and canceled for every execution on the way down.
1. SODA Trades color coded by reporting exchange and NBBO (gray shade).
2. Zooming in to about 27 second of time.
3. Zooming in to 1 second of time.
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