Nanex ~ 1-NOV-2012 ~ KEY Quote Stuffer
This is not price discovery! There is NO reason for this!
(earlier in the day we saw the same algo running in BAC)
|On the day of the flash crash:||1.8 Million quotes||127,000 trades|
|6 Minutes of this algo running on 11-01-12:||5.8 Million quotes||137 trades|
How to read this chart
Nanex Ongoing Research