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Tuesday, February 28, 2012

Broken Market: Short Muni ETF Flash Smash +43%

Tyler Durden's picture
Submitted by Tyler Durden on 02/28/2012 13:45 -0500



Presented with little comment except absolute incredulity that this is still occurring day-in and day-out with no real discussion beyond our friends at ITG...
*SHORT MUNI ETF PAUSED BY CIRCUIT BREAKER ON RISE OF UP TO 43%
SMB just jumped 43% in seconds on a string of 100/200 lot trades cascading up and then disappearing as circuit breakers halted it.
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