Nanex Research
Nanex ~ 30-Aug-2013 ~ Stunning Lack of Market Movement on Chicago PMI
The Chicago PMI was another dud at the 9:42 early release to elite HFT subscribers.
What was interesting was that, for the first time, we noticed a drop in liquidity before the PMI was released to everyone else at 9:45. It makes
us wonder if this news is still
being released early at 9:42. Also shown on this chart is the liquidity evaporation ahead of
the early release of the Michigan Consumer Sentiment number at 9:54:58
1. September 2013 eMini (ES) Depth of Book (how
to read).
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