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Broken Market: Short Muni ETF Flash Smash +43%

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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.

 

and courtesy of our friends at NANEX:

From $17.84 to $25.54 in 5 seconds!

And where the quotes really went... "Dear Mary, thank you for the wonderful stub quote ban"...


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