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08:01 PM
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Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Baltar:MV8xOTQyOTI3XzMyNTUxNTE4XzE0MjEwQ0VG] [quote:Anonymous Coward 542383:MV8xOTQyOTI3XzMyNTUxMTU2XzkwRkM0QzMw] [quote:Anonymous Coward 21042590:MV8xOTQyOTI3XzMyNTUwMjc0X0Y2M0U5NkEy] Coluld some one in simple words explain what this thread is about? [/quote] Thank you! I was thinking the same thing! [/quote] I'll try this again, and do my best, but realize that I have worked in this field for about 25 years, so I may make assumptions about what people know - for which I apologize For example, to explain this thread, you need to know what a future is, and what a stock quote is. This is a stock quote: http://img268.imageshack.us/img268/3350/kcglevel2totalview20120.jpg The left column is what people are willing to pay for a stock, the right column what sellers are willing to sell. The column to the right is the sales which have already taken place There's a middle column on the top labled "% Change". That's how much the stock is up or down Generally stocks are up or down 5%, 10% on either very good news (great earnings, a buyout) or terrible news (a lawsuit, big losses) However, this morning, all of these various stocks opened up or down randomly 10-15% on no news, for no reason at all That would be like opening up your credit card statement, and being up $3000 in charges when you never made a purchase, or the opposite This is a kind of software chaos which has ripple effects Does that help? [/quote]
Original Message
No print story yet. Many stocks gapped down over 10%
NITE the market maker is experiencing 'technical difficulties'
Even ZeroHedge doesn't have a story yet
The news crew at BBR are trying to be cool about it, but right now Knight Capital Group is down over 10%
Knight August 10 puts are up 600%
Developing story....
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