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Broken Market: Short Muni ETF Flash Smash +43%

By: capt_nemo in ROUND | Recommend this post (0)
Wed, 29 Feb 12 3:07 AM | 43 view(s)
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Submitted by Tyler Durden on 02/28/2012 13:45 -0500

Circuit Breakers
Exchange Traded Fund

Presented with little comment except absolute incredulity that this is still occurring day-in and day-out with no real discussion beyond our friends at ITG...

*SHORT MUNI ETF PAUSED BY CIRCUIT BREAKER ON RISE OF UP TO 43%

SMB just jumped 43% in seconds on a string of 100/200 lot trades cascading up and then disappearing as circuit breakers halted it.

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and courtesy of our friends at NANEX:

From $17.84 to $25.54 in 5 seconds!

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ALL HAIL THE ALGOS!!!!!!!!!!!!!!!!!!!!!!!!!

http://www.zerohedge.com/news/broken-market-short-muni-etf-flash-smash-43?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29




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