Nanex Research
Nanex ~ 18-Dec-2013 ~ Peaking Early
On December 18, 2013, about 50 seconds before the widely anticipated 14:00 release of
the Federal Reserve's FOMC announcement, the market exploded with activity reaching
levels higher than during the actual FOMC news release. Approximately $106 Million of
SPY and 3,700 eMini Futures contracts traded in 1 second. What is going on here? See
also this image of eMini liquidity
during this time.
1. Trades per second in NMS Stocks and ETFs (2,200 of approximately 8000 symbols
traded).
Note the peak occurred about 50 seconds before the FOMC announcement.
2. Dollars traded (thousands) per second in NMS Stocks and ETFs.
Note the peak occurred about 50 seconds before the FOMC announcement.
3. Symbols traded per second in NMS Stocks and ETFs.
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