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Another "Algo Gone Wild" Bailed Out By Nasdaq After Mini Flash Crash

 
Anonymous Coward
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01/02/2013 01:22 PM
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Another "Algo Gone Wild" Bailed Out By Nasdaq After Mini Flash Crash
[link to www.zerohedge.com]


2013 has begun just as 2012 progressed as Granite Construction just plunged 12.6% in under one second. As Nanex shows below, it is simply ludicrous. Of course, the algos (like every entity that comes close to 'failing' in the new normal) will never learn since, as usual, NASDAQ has decided to cancel the trades...