Nanex Research

Nanex ~ 11-Sep-2013 ~ Facebook Breaks $45

1. FB Trades color coded by reporting exchange and NBBO (gray shade) over a 5 second period of time.
Notice that trades from EDGX (blue diamonds) and Dark Pools (green squares) are reported later than trades from other exchanges as well as the NBBO. There were 1,049 trades (232,154 shares) traded on NYSE-Arca (PACF) - but none reported late.

2. FB Best bids and asks color coded by reporting exchange and NBBO (gray shade).

3. FB Trades color coded by reporting exchange - zooming in to 1 second of time.
You can clearly see the late trade reports from one exchange and dark pools. Also, note the explosion of trades at NYSE-Arca (PACF)

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