Nanex Research

Nanex ~ 03-Sep-2013 ~ This is HFT Price Discovery?

The symbol TVIZ had 233,239 quotes and no trades during the opening on September 3, 2013. The NBBO spread (National Best Bid/Offer) fluttered hundreds of times per second over a $30 price range.

1. TVIZ - Best Bids and Asks color coded by exchange.
The best ask fluttering from $57 to $90 a few hundred times per second

2. TVIZ - Same scale as above, but showing all Bids and Asks color coded by exchange.

3. TVIZ - Zooming in on Best Bids and Asks color coded by exchange.

4. TVIZ - Zooming in to about 30 seconds of Best Bids and Asks color coded by exchange.

5. Zooming in to about 5 seconds of Best Bids and Asks color coded by exchange.

6. TVIZ - Same scale as above, but showing all Bids and Asks color coded by exchange.

7. Zooming in to 1 second of Best Bids and Asks color coded by exchange

8. TVIZ - Same scale as above, but showing all Bids and Asks color coded by exchange.

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