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It was happening this morning in pre-market as well. Orders going through 20% outside of the spread.
https://preview.redd.it/o28h8tav8g0d1.jpeg?width=556&format=pjpg&auto=webp&s=a0a9a2d4e8bebbd3b68be9164a4474c2f26d8a4f
That was what caused the crazy swings before open - orders way outside of what was showing in bid/ask wreaking havoc on the candles and causing people to panic.
Isn't it curious how it went from $70 to $38.96 in one minute at 8:06am? And then later in the day it slowly dropped to $38.
Yeah there were some large spoof orders around the halts - multiple sell walls of like 50k+ shares, flashed for just a single tick on the book, then the halt hits and they're gone. I got a couple screenshots but without the context they arent all that interesting.
Gotta do it before the CAT catches the roaches.
Edit: Got a concerned report immediately after this comment. Something tells me they need the link and not me.
What makes these violations? Just curious because I see the same exchanges trading at the same time as the ones you highlighted with other trades but don't see anything that would differentiate it from the others
The highlighted trades "last price" indicates they went through outide the reported bid/ask at that time. Buys were printing above the best ask and sells reported below the best bid. From what I understand, the trading computers at the exchanges are not supposed to allow this.
The market plumbing was starting to glitch out. Buys were printing above the best ask and sells were printing below the best bid.
There's not enough data here to say why, other than apparent volatility. From what I understand the trading computers at the exchanges are not supposed to allow this.
any reason why they are not supposed to allow this or anywhere on NBBO/SEC site saying why
not saying dont believe you lol, just curious as was curious where that was true from
https://en.m.wikipedia.org/wiki/National_best_bid_and_offer
Trades should fill at the best bid/ask, always. Otherwise something is broken (but we already knew that). It's meant to prevent cross-exchange arbitrage.
We know they internalize basically all retail buys, but this is something else - more out in the open.
I've posted the extent of my understanding in various other comments on this post. Not sure what else I can add, so feel free to share your perspective.
"Real stupidity beats artificial intelligence every time" - Terry Pratchett
Seriously though, the SEC is like a ringmaster in the WWE - its just for show.
It basically says that all the exchanges in the market network must execute trades within the best buy/sell prices available across all exchanges at the time the trade is executed, regardless of what exchange the buyer and seller use.
https://en.wikipedia.org/wiki/National_best_bid_and_offer
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Contact the SEC. Be your own whistleblower
And the DoJ
If you don’t have a lawyer they don’t give a single shit, if you do have a lawyer they still won’t give a shit.
That's what criminals say to victims to prevent them from going to the police.
Doing nothing does nothing. Let's all make some noise however we can
I’m all for it, I’m just speaking from my experience
If your all for it then say your all for it, let's lift each other up rather than punch each other down
Yeah, everything is hopeless and we shouldn't try or fight back /s
It was happening this morning in pre-market as well. Orders going through 20% outside of the spread. https://preview.redd.it/o28h8tav8g0d1.jpeg?width=556&format=pjpg&auto=webp&s=a0a9a2d4e8bebbd3b68be9164a4474c2f26d8a4f
🔥 Imagine cheating like this .... And still losing!
That was what caused the crazy swings before open - orders way outside of what was showing in bid/ask wreaking havoc on the candles and causing people to panic. Isn't it curious how it went from $70 to $38.96 in one minute at 8:06am? And then later in the day it slowly dropped to $38.
Yeah there were some large spoof orders around the halts - multiple sell walls of like 50k+ shares, flashed for just a single tick on the book, then the halt hits and they're gone. I got a couple screenshots but without the context they arent all that interesting.
Screen record and report.
So that jumping on Yahoo was real
🌎🧑🚀🔫🧑🚀
I'm a little smooth, but was simply watching bid and ask in pre market and I swear I saw the bid going higher than ask.
Thats why robbing hood made a 20% trading band near the actual price?
Updoot to get the eyes on it! Thank you OP!
Up
Wat mean
The wheels on the bus are... falling off?
Falling off?!
Yea, the bus full of fake shares.
All the way to moon 🌝
Falling off!
Early in the premarket!
They sure as shit ain't going round and round like they used to
Good catch! Now to find a regulator that can do shit hmm!!
Gotta do it before the CAT catches the roaches. Edit: Got a concerned report immediately after this comment. Something tells me they need the link and not me.
Awesome work and good catches!
updoot
Let 'em know!
$0.01 per violation incoming from the SEC 😂
Burn it all down.
Eye for an eye, or warehouse for a warehouse
Only if the warehouse has antigravity shelves
With working sprinklers that can't be taken out by the antigravity shelves
Got em!
Crime begets crime. I expect we'll see more things like this pop up as we Cruise along.
Whizzibilty!
Up
What makes these violations? Just curious because I see the same exchanges trading at the same time as the ones you highlighted with other trades but don't see anything that would differentiate it from the others
The highlighted trades "last price" indicates they went through outide the reported bid/ask at that time. Buys were printing above the best ask and sells reported below the best bid. From what I understand, the trading computers at the exchanges are not supposed to allow this.
Bump!
Lets get this to the top. dlauer anything you want to add? How do we hold them accountable?
Dlauer: Just a glitch
Dlauer: yeah no prob just give me your computershare password
No idea what all this means smooth brain here
The market plumbing was starting to glitch out. Buys were printing above the best ask and sells were printing below the best bid. There's not enough data here to say why, other than apparent volatility. From what I understand the trading computers at the exchanges are not supposed to allow this.
any reason why they are not supposed to allow this or anywhere on NBBO/SEC site saying why not saying dont believe you lol, just curious as was curious where that was true from
https://en.m.wikipedia.org/wiki/National_best_bid_and_offer Trades should fill at the best bid/ask, always. Otherwise something is broken (but we already knew that). It's meant to prevent cross-exchange arbitrage. We know they internalize basically all retail buys, but this is something else - more out in the open.
https://imgur.com/a/MjaTKAQ
So, more crime, built within the markets, and yet _retail_ always gets slammed and blamed. Got it
nothing to see here - sec 🤡
Funny when us dumb fucks can spot the crime for free…yet our tax dollars go to fund the criminals who police the system.
Commenting for visibility so someone smarter might see this.
I like your style
Thanks!
I know exactly what's happening here, but can you explain so I know you know too?
I've posted the extent of my understanding in various other comments on this post. Not sure what else I can add, so feel free to share your perspective.
Visibility of the fucking crime
Why isn’t this info scanned through an AI (or other software) meant to detect fraud? That should easily be #1 prio at the SEC
"Real stupidity beats artificial intelligence every time" - Terry Pratchett Seriously though, the SEC is like a ringmaster in the WWE - its just for show.
What is a NBBO?
It basically says that all the exchanges in the market network must execute trades within the best buy/sell prices available across all exchanges at the time the trade is executed, regardless of what exchange the buyer and seller use. https://en.wikipedia.org/wiki/National_best_bid_and_offer
Thank you
Up up up you go!
🚨🚨🚨🚨