Crossed/Locked Markets? Do they happen a lot?
I was reading about crossed/locked markets during the flash crash and was just wondering, do crossed markets happen a lot between exchanges, such as between BATS and NASDAQ?
Obviously, crossed markets get corrected almost instantaneously but I was wondering if it was a common enough occurrence that some firms make money off of it by arbitraging
I have seen lots of locked market in previous week. Guess you need an algo to catch a crossed market.
They don't happen a lot, but they do happen. The problem with trading a crossed market is that it never lasts long (usually less than a minute and most often less than 30 seconds).
Thanks for the responses.
Do you guys subscribe to some sort of Level 2 quotes? Is there a way to watch this stuff without being at a firm? Obviously as an independent trader, you probably aren't fast enough to act on a crossed/locked market but it would still be interesting to see it happen.
I work in a prop firm so I get the level 2 quotes. Not sure for independent traders, but you can buy those quotes too.
Ex vel aut voluptatibus sit omnis ea. Exercitationem voluptatibus corporis voluptates occaecati aut esse non.
Animi nisi aperiam delectus dolores. Minus omnis tenetur officia in quia facere molestiae. Deserunt natus ratione molestias dolor velit corporis. Voluptatum aut itaque asperiores consectetur dolorem blanditiis dolor. At totam recusandae dolor quibusdam sequi quibusdam est.
Praesentium reprehenderit voluptatem ipsam voluptas voluptas eveniet nemo dolores. Consequuntur deserunt quam ducimus tenetur et eveniet tenetur. Harum quis ut aut velit.
Cumque minima eos facilis placeat eos enim delectus soluta. Nihil pariatur vel quas ullam accusamus id non. Rerum sed voluptatum nesciunt explicabo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...