Chaos Theory: update on Bloomberg
August 1, 2012 § Leave a comment
Re. entry from yesterday. Bloomberg says:
“Nasdaq OMX Group Inc. said in an e-mail that it is investigating “potentially erroneous” transactions.
NYSE employees took steps to stabilize individual stocks when unusual patterns materialized, Jason Weisberg, head of institutional trading for Seaport Securities Corp., said in a telephone interview from the exchange.
“Things were always calm,” Weisberg said. “When the price dislocations were popping up all over the room, exchange officials picked up on the anomalies and put the brakes on. It was happening so frequently and simultaneously they didn’t catch everything, but they caught most very fast.”
Don’t believe them….