"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades

"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald

"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden

"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints

Tuesday, January 17, 2012

RIMM Blasts Ahead Of "Sale" News

This morning at 11:05:33 RIMM was showing up on both HFT Alert and HFT Alert Pro before the news release was reported by CNBC claiming a blogger reported that RIMM could be sold to Samsung.  Naturally, the stock went ape-shit and rose.  Below are the tables from HFT Alert Pro and HFT Alert.  Oddly, the spread stayed tight the whole way up (see last chart from Nanex)

1 Minute Chart of RIMM


The computers started to place their orders once they got the news first before it was distributed to the general public:


Here is HFT Alert:


Notice the orders were coming at 11:05:33 and the news didn't make it out until a 127 seconds later:


Nanex Chart - 1 Minute

Posted by Paul Revere at 1/17/2012 11:47:00 AM