“Yes, according to one sharp observer,” Steiner blogs. “Somebody, says Eric Scott Hunsader, CEO of Nanex, is intentionally slowing down some aspects of the market to skim profits from clueless competitors. This won’t stop, Hunsader says, until the SEC or the the exchanges step in and do something about the copious quote volume wars currently taking place.”
Steiner writes, “Nanex, which sends its clients compressed real-time quote feeds and market data, has drawn attention lately for some of the underlying quote patterns it uncovered within the chaos of trading on May 6. But it wasn’t odd patterns that drove the market to madness; it was pure volume.”
Read more in the full article – recommended – here.
