Nanex Research

Nanex ~ 05-Aug-2013 ~ Spinning Milliseconds into Gold

On August 5, 2013 about 90 milliseconds before the 10:00 AM release of the ISM Non-Mfg Index, the price of gold futures and gold ETFs such as GLD plummeted in active trading. Is this another news leak?

1. December 2013 Gold (GC) Futures - Showing trades and quote spread.

2. GLD - Showing trades color coded by exchange and NBBO (dark gray shade).

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