"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, March 27, 2012

Nothing To See Here, Don't Even Read This Post Because HFT Does Not Affect Prices

Marriott was taken the house with one of the more egregious examples of HFT instability within recent weeks.  It started during the 10:07 period.  Here's the price chart and notice that major candle extension in the following minute.  Remember though, this "direct evidence" doesn't exist.

Nanex disseminated the truth on to the traders with in minutes, the SEC is still figuring out to use a Commodore 64

From Nanex:
Nanex ~ The Marriot Event on March 27, 2012

MAR 1 millisecond interval chart showing the NBBO and trades from all exchanges.
This chart shows about 1/2 second of trading.

MAR tick chart showing quotes and trades.