2013 has begun just as 2012 progressed as Granite Construction just plunged 12.6% in under one second. As Nanex shows below, it is simply ludicrous. Of course, the algos (like every entity that comes close to 'failing' in the new normal) will never learn since, as usual, NASDAQ has decided to cancel the trades...
- *NASDAQ TO CANCEL SOME TRADES IN 'GVA' FROM 11:45-11:46ET AT/BELOW $32.72 11:45AM-11:46AM
Wednesday, January 02, 2013
Another "Algo Gone Wild" Bailed Out By Nasdaq After Mini Flash Crash | ZeroHedge
Another "Algo Gone Wild" Bailed Out By Nasdaq After Mini Flash Crash | ZeroHedge
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