flash crash

  • Putting Together the Pieces of the Knight Capital Group Puzzle
    Posted by on August 4th, 2012 at 3:14 pm, Comments: 0

    Share on StockTwits Long story short, in Seinfeld style: Knight Capital Group ($KCG: no positions) had a huge error Monday morning, yadda yadda yadda, they […]

  • Dear NYSE: Canceling Trades Destroys The Integrity of The Market
    Posted by on August 1st, 2012 at 5:29 pm, Comments: 0

    Share on StockTwits Dear NYSE, So earlier I wrote a post about how today’s market action really wasn’t anything that should make any of us […]

  • Dear Knight: Thank You. Dear Themis: Relax
    Posted by on August 1st, 2012 at 1:40 pm, Comments: 0

    Share on StockTwits Dear Knight Capital ($KCG: no positions), I just want to thank you for the opportunity this morning.  When your “technical issue” caused […]

  • The Idea of Banning Market Orders Goes Mainstream
    Posted by on September 14th, 2011 at 11:34 am, Comments: 0

    Share on StockTwits I believe that I was one of the pioneering voices of the idea, which some may view as Draconian, of banning the […]

  • Oh The Horror – Your Indices Are All Wrong!
    Posted by on June 24th, 2011 at 11:20 am, Comments: 0

    Share on StockTwits I don’t dislike Joe Saluzzi and Sal Arnuk of Themis Trading – I just have a different perspective on market mechanics than […]

  • That Flash Crash Thing
    Posted by on May 6th, 2011 at 7:54 am, Comments: 0

    Share on StockTwits note to readers:  Kid Dynamite is on vacation.  Through the powers of the Internet, he scheduled this post ahead of time, and […]

  • You Cannot Force People To Make Markets
    Posted by on August 12th, 2010 at 1:38 am, Comments: 0

    Share on StockTwits At the risk of beating a dead horse, I want to come back to an essential point that is necessary to remember […]

  • Individual Stock Circuit Breakers Need Tweaking
    Posted by on July 12th, 2010 at 5:34 pm, Comments: 0

    Share on StockTwits Several weeks ago the SEC implemented the new single stock circuit breakers which temporarily halt a stock if its trade price moves […]

  • Senator Bunning’s Office Responds
    Posted by on May 25th, 2010 at 2:10 am, Comments: 0

    Share on StockTwits I received an email on Thursday from Senator Jim Bunning’s legislative director, William Henderson.  Unfortunately, it was sent to my secondary account, […]

  • Emergency Powers!!??!
    Posted by on May 20th, 2010 at 6:02 pm, Comments: 0

    Share on StockTwits From the NY Times’ Dealbook: “Federal market regulators are still unsure about the cause of the sharp stock market drop two weeks […]

  • Ban Market Orders!
    Posted by on May 19th, 2010 at 4:51 pm, Comments: 0

    Share on StockTwits The SEC, in their 150 page report on the May 6th crash, has section (around page 75) on “potential regulatory responses”.  I […]

  • SEC: Comment Period for Individual Stock Circuit Breakers
    Posted by on May 18th, 2010 at 10:37 pm, Comments: 0

    Share on StockTwits I gave you this story last week.  Today, it’s official. “Under the proposed rules, which are subject to Commission approval following the […]

  • Breaking News: What the SEC’s New Individual Stock Curbs Might Look Like
    Posted by on May 14th, 2010 at 3:57 pm, Comments: 0

    Share on StockTwits This isn’t cast in stone yet, but I’m told that starting Monday, a pilot program will be filed requiring all exchanges to […]

  • The Little Guy Has Nothing to Complain About
    Posted by on May 12th, 2010 at 1:49 am, Comments: 0

    Share on StockTwits I see a lot of comments about how the “little guy” feels like the system is stacked against him. Who are we […]

  • The SEC Talks About Reforming Market Mechanisms
    Posted by on May 11th, 2010 at 8:00 pm, Comments: 0

    Share on StockTwits Via Calculated Risk:  Mary Schapiro sez: “In addition to time out mechanisms, we will consider any other steps that potentially could prevent […]

  • Recap: Crash Coverage and Greek Tragedies
    Posted by on May 11th, 2010 at 1:46 am, Comments: 0

    Share on StockTwits So I’ve been writing pretty prolifically for the past several days, and have seen record blog traffic resulting from what I think […]

  • Market Speed Bumps
    Posted by on May 8th, 2010 at 3:59 pm, Comments: 0

    Share on StockTwits If you’ve missed my previous posts on the Crash of May 6th, please go back and check them now – there are […]

  • The Best Ten Minutes You Will Spend This Weekend
    Posted by on May 8th, 2010 at 2:41 pm, Comments: 0

    Share on StockTwits If you do nothing else today, listen to this audio clip of Thursday’s crash live from the S&P 500 futures pit in […]

  • Does Anyone Want to Defend the Decision to Cancel Trades?
    Posted by on May 7th, 2010 at 12:33 pm, Comments: 0

    Share on StockTwits In the wake of yesterday’s market bloodshed, the NASDAQ announced that they’d be canceling trades more than 60% off of prevailing last […]

  • More on the Crash – Possible Triggers, and High Frequency Trading
    Posted by on May 7th, 2010 at 4:18 am, Comments: 0

    Share on StockTwits So I wrote this piece earlier, talking about possible explanations for the carnage today, but not liking any of them.  Then I […]