A Step By Step Guide How To Crash The Entire Market

So now that you know how to crash the entire stock market single handedly, please do. Because this is not a "market." As we said in July 2010,  "It's Not A Market, It's An HFT 'Crop Circle' Crime Scene."

And finally, this:

In addition to the Layering Algorithm, Defendants frequently manually "flashed" large-lot orders in a variety of lot sizes in the Order Book that were quickly canceled with no intention of these orders resulting in trades. At times during the Relevant Period, the Flash Spoofing was used with and to amplify the impact of the Layering Algorithm. At other times, Defendants' Flash Spoofing was used alone to benefit Defendants' trading strategies

In other words, 5 years after Zero Hedge first explained precisely what happened on May 6, 2010, the CFTC finally admits that the flash crash was not due to Waddell & Reed, but due to HFTs and quote stuffing.

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Michele Kalker 3 years ago Member's comment

Read that from top to bottom today. Layered programs r nothing more than staggered buy & sell programs used by most of St $SPY.