Nanex Research

Nanex ~ 01-Oct-2013 ~ A Million Fake Orders

The wall of color is from High Frequency Trading Algorithms going off the rails. Bogus orders blasted at rates exceeding 5,000/second, bursting to 16,000 per second. It was just a month ago that Nasdaq claimed a rate of 24,000 per second caused a severe outage.

1. UTSI - Bids and asks color coded by exchange.

2. UTSI - Bids and asks color coded by exchange.

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