How can you not trace a 900 point Flash Crash//Monday 3 PM

I know there and bots and high frequency trading and ... but all that has to be tied to actual accounts.

Every time this happens it is stated that no one knows what happened. Not true. There has to be an audit trail that you can follow.
 
Ayn Rand said:
I know there and bots and high frequency trading and ... but all that has to be tied to actual accounts.

Every time this happens it is stated that no one knows what happened. Not true. There has to be an audit trail that you can follow.
More...

It is because of the resources needed to trace the problem. Look at the ES today. 4 million transaction in ES futures alone? How many more options were traded across all those months?

Those were transactions. Those were trades. Now...How many orders were entered and exited that were never executed? 10 times that? 20 times?

Who the hell could possibly trace something like that? Remember, it is not the trades that are being questioned, it is the spoofing. It is the spoofing that caused the acceleration of the selling. The machines started spoofing each other, and it took humans down with it.

Spoofing is illegal, but the ability to trace every single order entry/exit is beyond human ability.

This is why spoofing events of a minor degree take the CFTC YEARS to investigate and prosecute. Just look at the disciplinary notices from the CME group, and see how long the time spread is between event and charges filed. These major events? They will never get solved unless a boat-load of resources from multiple agencies is brought to bear on the problem.

This is why Carl Ichan said today that these markets are now dangerous. They have been before, but this is now the new level.
 
If you learn anything from what happened yesterday it is don't rely on the media or the gubmint to tell you what happened. Actually don't look for anyone to tell you.

It happened. Next.

But btw S&P 500 equities composite sell vs buy volume yesterday -99.21%. All I need to "know".
 
SunTrader - I do not follow - "But btw S&P 500 equities composite sell vs buy volume yesterday -99.21%. All I need to "know". Should it equal 100%? That is the significance?
 
Algo's chasing long volatility I guess. Starts with VIX going up for a week... shorts trying to cover on Friday, pushing up vols together with markets dropping... then it snowballed and everybody with vol algo's running for the exit, buying vol and selling equity at the same time.

Nothing illegal about that.
 
Ayn Rand said:
I know there and bots and high frequency trading and ... but all that has to be tied to actual accounts.

Every time this happens it is stated that no one knows what happened. Not true. There has to be an audit trail that you can follow.
More...

Who gives a shit who it was. That has nothing to do with this business.

Take you for example, are you really a 66 year old female from Thailand?
 
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