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Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more

 
Baltar  (OP)

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08/01/2012 11:16 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
CNBC reporting on knight capital

the dark Knight falls
 Quoting: Anonymous Coward 3297006


I think the market expects Knight Capital will be on the hook for volatility, what may be millions in losses by unsuspecting traders

$KCG $10 August puts up 700%, $1.20, 6500 vol, 10x avg vol:

[link to img843.imageshack.us]

yikes

Knight Capital Market stock down -11.33% on 10x vol

[link to img684.imageshack.us]

Last Edited by Baltar on 08/01/2012 11:17 AM
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Anonymous Coward
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08/01/2012 11:16 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Wow, I liquidated 20k worth of stock at market open this morning. I had a feeling shit was about to go down today.
Anonymous Coward
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08/01/2012 11:17 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Wow, I liquidated 20k worth of stock at market open this morning. I had a feeling shit was about to go down today.
 Quoting: Anonymous Coward 6186078


gotta b innut 2 winnit
Anonymous Coward
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08/01/2012 11:18 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Does anyone else think that maybe India and the power outages have something to do with this?

1 billion people without power and no intel into whats going on?
Anonymous Coward
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08/01/2012 11:19 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
[link to www.cnbc.com]

Trading in those names was much heavier than normal: Molycorp traded more than 5.7 million shares in the first 45 minutes of trading. The stock usually averages about 2.65 million shares daily, and it was one of the stocks halted due to excessive volatility.

The activity sparked concern amongst traders, who said the problem was much wider than the five halted stocks.

"It appears to be dozens if not hundreds of stocks that have gone extremely high volume and extremely rapid movement," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.
Baltar  (OP)

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08/01/2012 11:20 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Wow, I liquidated 20k worth of stock at market open this morning. I had a feeling shit was about to go down today.
 Quoting: Anonymous Coward 6186078


Congrats! Good instincts

Everyone I'm talking to is taking money off the table today

Feels like something about to get worse

Better safe than sorry
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Baltar  (OP)

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08/01/2012 11:21 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
ZeroHedge: Investing Legend Louis Bacon Has Had Enough Of Algos And Central Planners, Calls It Quits



Louis Bacon: "Markets are increasingly distorted by central banks"

_____________

Sheesh, who will be left?

Last Edited by Baltar on 08/01/2012 11:22 AM
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Anonymous Coward
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08/01/2012 11:22 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
knight capital now down over 14%
kerrrrrrrrrrrr Plunk
Anonymous Coward
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08/01/2012 11:23 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
knight capital now down over 14%
kerrrrrrrrrrrr Plunk
 Quoting: Anonymous Coward 3297006


oh did i say 14... i meant 16
Baltar  (OP)

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08/01/2012 11:25 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Does anyone else think that maybe India and the power outages have something to do with this?

1 billion people without power and no intel into whats going on?
 Quoting: Anonymous Coward 8365101


That thought went through my mind. You can't rule anything out when you have such weird events so close to each other

Back offices for Wall Street have largely been relocated to Jersey City, Charlotte NC and even Salt Lake City Utah but there may be research or other IT intensive work done in India

Details will follow
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Saddletramp

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08/01/2012 11:27 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Good early catch OP!!!

5*

The markets are broken, what ailes them is cancerous and systemic, when certain players are allowed to ignore the rules everyone agreed to when the game began, the game ceases to have meaning. This is systemic entropy, the trillionaires canibalizing the billionaires who are canibalizing the millionaires...

Welcome to the beginning of the end...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

"We don't rent pigs!"
Baltar  (OP)

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08/01/2012 11:27 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
knight capital now down over 14%
kerrrrrrrrrrrr Plunk
 Quoting: Anonymous Coward 3297006


oh did i say 14... i meant 16
 Quoting: Anonymous Coward 3297006



Sheesh, I should have bought those $7.50 puts this AM...got the 10s instead


AAPL -0.51%, 607.74, falling faster. Weekly 600 puts +5% 2.10 off $1.02 lows: [link to img339.imageshack.us]
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Baltar  (OP)

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08/01/2012 11:31 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
VXX down 1.93% 13.39, volatility getting slaughtered even as KCG plunges over 16% for causing excessive volatility.

What a joke this manipulated market is ...lol
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
x
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08/01/2012 11:32 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Wow, I liquidated 20k worth of stock at market open this morning. I had a feeling shit was about to go down today.
 Quoting: Anonymous Coward 6186078


Congrats! Good instincts

Everyone I'm talking to is taking money off the table today

Feels like something about to get worse

Better safe than sorry
 Quoting: Baltar


Unfortunately nothing is safe these days, but hey, you can't even use your dollars as TP if it's all lost in the stock market.

I've been telling my wife for months to buy all the chocolate, coffee, and other such necessities that she can...
Saddletramp

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08/01/2012 11:32 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
The big players are getting their money out of the markets, perhaps we should be asking ourselves, why?!?!?

Idol1
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

"We don't rent pigs!"
Baltar  (OP)

User ID: 14348632
United States
08/01/2012 11:35 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Good early catch OP!!!

5*

The markets are broken, what ailes them is cancerous and systemic, when certain players are allowed to ignore the rules everyone agreed to when the game began, the game ceases to have meaning. This is systemic entropy, the trillionaires canibalizing the billionaires who are canibalizing the millionaires...

Welcome to the beginning of the end...
 Quoting: Saddletramp


Hey dude!

Yeah, for a number of weeks now, it has been feeling like the end game for the markets is within sight now

Today, it feels like something big about to happen soon, maybe a flash crash, maybe a major down day...just a feeling. I wouldn't go all in on a hunch tho, but I thought I should put it out there

I don't like to be apocalyptic because so often there is a stick save, some coordinated action to prop things up, to extend and pretend

Also, the markets are not real life. They are increasingly an irrelevant manipulated hologram which is being run by machines for machines as volume dries up and human traders call it quits

But I have thought at some point, TPTB would run out of ammo or the machine itself would get away from them

You remember that hedge fund analyst who made that apocalyptic presentation, saying there was less than 10 months left for the markets?

I haven't said he wasn't right....
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Anonymous Coward
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08/01/2012 11:36 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
pasanti is talking

"size of orders so big ... PROBABLY A MISTAKE"
retail liquidity program began today... kinda like
creating a DARK POOL... might not have gone
as expected :)

facts indicate it was a "mistake" 4 times normal volume

they need to blindfold bobby pissanti and get him
down into the computer rooms so he can prove that
all the computers are actually turned on

he can even pick one up at random and show the power plug
Anonymous Coward
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08/01/2012 11:37 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
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....
 Quoting: Baltar


As of now:-


8.33
-2.00 (-19.36%)
Real-time: 11:37AM EDT
NYSE real-time data - Disclaimer
Currency in USD
Range 8.38 - 10.38
52 week 8.38 - 14.00
Open 10.33
Vol / Avg. 12.67M/1.33M
Mkt cap 842.65M
P/E 7.80
Div/yield -
EPS 1.10
Shares 98.21M
Beta 0.21
Inst. own 88%
Anonymous Coward
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United States
08/01/2012 11:39 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
"from sitting here on the floor... all indiciations
are that the systems WORKED FINE!

EVERYTHING FUNCTIONED AS IT SHOULD! -

but there's a problem w/ someone interacting from (THE OUTSIDE)


HMMMMM

this is was bobby pissanti is saying... "someone on the outside"
Baltar  (OP)

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08/01/2012 11:40 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
The big players are getting their money out of the markets, perhaps we should be asking ourselves, why?!?!?

Idol1
 Quoting: Saddletramp


60,000 e-mini ES futures dumped at the close

gotta ask yourself WTF?

I noticed this because MCP is one of my trades, and it was down 12% at the open on no news

They are trying to be so cheery on BB "Agenda" Radio, and they even had the shill balls to bring on a GLOBAL WARMING expert to talk about how much more important global warming (carbon taxes) are than these puny moves in the market

I swear the shillery is getting harder and harder to ignore
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Anonymous Coward
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08/01/2012 11:41 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
pissanti says:

again i think what this would point out, agian we still don't know what the source is... but i'm almost sure this is a software problem

it's a problem interacting w/ somebody from another from somewhre outside the NYSE
Baltar  (OP)

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08/01/2012 11:42 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more

The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Baltar  (OP)

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08/01/2012 11:43 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
pissanti says:

again i think what this would point out, agian we still don't know what the source is... but i'm almost sure this is a software problem

it's a problem interacting w/ somebody from another from somewhre outside the NYSE
 Quoting: Anonymous Coward 3297006


The same thing bringing down the Indian electric grid?

Stuxnet?

Ghost in the Machine?

Thats the problem with a near 100% correlated market

you can bring the whole thing down pretty easily
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Anonymous Coward
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08/01/2012 11:44 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
knight cap

was just down over 23%... okie dokie
Anonymous Coward
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08/01/2012 11:45 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Here, a story on that one

[link to dealbook.nytimes.com]

AUGUST 1, 2012, 10:19 AM

Hedge Fund Titan Plans to Return $2 Billion to Investors


Louis M. Bacon, who together with Paul Tudor Jones and George Soros has come to define this style of high-stakes macro investing for more than 20 years, said in a letter to his investors on Wednesday that he would be giving back $2 billion, about one quarter of the size his benchmark Moore Global Investment fund.

He cited 18 months of what he called “disappointing” investment returns — and a particularly tough second quarter this year when his main fund was down 3.18 percent.

But with senior political figures in Europe favoring summit meetings, bailouts and more austerity as opposed to recognizing losses, making a bet that would move the needle on an $8 billion asset pile became difficult.

“The political involvement is so extreme — we have not seen this since the post-war era,” Mr. Bacon said. “And what they are doing is trying to thwart natural market outcomes. It is amazing how important the decision-making of one person, Angela Merkel, has become to world markets.”
 Quoting: Baltar


What a very nice way to say MARKET MANIPULATION!
Anonymous Coward
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08/01/2012 11:52 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
bump
Anonymous Coward
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Germany
08/01/2012 11:54 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Here, a story on that one

[link to dealbook.nytimes.com]

AUGUST 1, 2012, 10:19 AM

Hedge Fund Titan Plans to Return $2 Billion to Investors


Louis M. Bacon, who together with Paul Tudor Jones and George Soros has come to define this style of high-stakes macro investing for more than 20 years, said in a letter to his investors on Wednesday that he would be giving back $2 billion, about one quarter of the size his benchmark Moore Global Investment fund.

He cited 18 months of what he called “disappointing” investment returns — and a particularly tough second quarter this year when his main fund was down 3.18 percent.

But with senior political figures in Europe favoring summit meetings, bailouts and more austerity as opposed to recognizing losses, making a bet that would move the needle on an $8 billion asset pile became difficult.

“The political involvement is so extreme — we have not seen this since the post-war era,” Mr. Bacon said. “And what they are doing is trying to thwart natural market outcomes. It is amazing how important the decision-making of one person, Angela Merkel, has become to world markets.”
 Quoting: Baltar


What a very nice way to say MARKET MANIPULATION!
 Quoting: Anonymous Coward 9212254


LOL!

Vol / Avg. 12.67M/1.33M

WTF!
Baltar  (OP)

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08/01/2012 11:56 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
knight cap

was just down over 23%... okie dokie
 Quoting: Anonymous Coward 3297006


KCG -19.35% 8.33.

August puts +1173%, .20c to new high of day 2.05.

Someone made 10x their money this morning

[link to img850.imageshack.us]
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
BrotherJohnF
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08/01/2012 11:59 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
All paper will bur. Keep stackin'

[link to www.brotherjohnf.com]
[link to www.youtube.com]
Anonymous Coward
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Brazil
08/01/2012 12:00 PM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
knight cap

was just down over 23%... okie dokie
 Quoting: Anonymous Coward 3297006


KCG -19.35% 8.33.

August puts +1173%, .20c to new high of day 2.05.

Someone made 10x their money this morning

[link to img850.imageshack.us]
 Quoting: Baltar



Look for inside trading and you will find it.





GLP