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

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