We are now entirely used to the daily mini-flashes in US equities as algos lose their stabilizer and run one way or another. Recently we noted the same algos-gone-wild had hit the India stock exchange. Tonight, the HFT-bug has moved to Australia, where the open – which just happens to be option expiration – saws a number of major equities (including several of the banks – e.g. ANZ and CBA) get smashed instantaneously higher (by 5-7%) at the open – only to plummet back to normalcy soon after. The culprit – it would appear to us – is a market-clearing wipe-out of all resting stops above the multi-year highs that the stocks were at the edge of. Regulators are ‘investigating’ though their first comment was “it is certainly nothing to do with the trading system.” As the Sydney Morning Herald notes a market participant: “Either that or an algorithm has gone haywire, a mistake has been made, or these trades are deliberate.’ Either way, do we have an orderly market?”
Subscribe to NCRenegade via Email
Carolina Readiness Supply
Websites
NC Renegade on Twitter
NC Renegade on Gab
NC Renegade on Truth Social
Wes Rhinier on Gab
12 Round Blog
Barnhardt
Cold Fury
DanMorgan76
Defensive Training Group
The Deth Guild
The Feral Irishman
First in Freedom Daily
Forloveofgodandcountry's Blog
Free North Carolina
Knuckledraggin My Life Away
Liberty's Torch
90 Miles From Tyranny
Professor Preponomics
Publius-Huldah's Blog
Straight Line Logic
The Tactical Hermit
War on Guns
Western Rifle Shooters Association
Categories
-
Recent Posts
Recent Comments
- Rabbi Will on Why has the CIA been Hiding the JFK Files for 62 Years?
- GenEarly on Tucker – Vought
- Roth Harbard on Follow the Money
- Pastor Guest on Update on Hypothermic Baby Death
- NITZAKHON on What hypersonic missiles can Russia launch that will reach Washington D.C.?
Archives
Meta