due to a data problem there was a drift between bid and ask between different quote streams
hft computers capitalized on this, dragging aapl down
and and eventually halted
should be confirmed by eod
Just a thought. Terrorists trying to hack US stock markets by overloading computers with HFTrs. Throwing markets into a tizzy??????????? Happening too often. Naz needs to get upgrades to slow HFTs down. IMO they are making the mkts. too iffy.
doubful terrorists, although some would say hft are financial terrorism
I think an error data feed drift caused a huge opportunity for hfts that were already there collecting pocket change.. hft aggressiveness capitalizing on the inefficiency resulted in a flash crash
wow I bet some hfts which usually make pocket change per millisecond were bringing in thousands of dollars per millisecond
This reminds me of KNIGHT Capital few months ago. Their HFT errors caused stock to sell offs across the board. Some lucky buyers. That's why stop loss sucks in these cases.
Look like they'll close for the rest of the day to sort this mess out. Must be machines throwing tantrum over da boyz lack of upgrades lol.
yes, and fb had similar "issues".. news trickling in is supporting my theory