Nanex ~ 25-Oct-2012 ~ Quintessential HFT
October 25, 2012 ushered
in a new level of crazy, in the stock of Suntech Power Holdings
Co. Ltd (symbol STP). The charts say it all. It appears as if an algo was tricked
into buying high and selling low,
similar to this issue which resulted in a fine by the regulators.
See also these images the same morning.
Click Start/Stop to run a slide show of all 33 images. Or click Prev/Next to step through them one
at a time.
The mass of color are thousands and thousands of orders that were placed and canceled.