Visualization of Exchange Routing using GE during May 6th 2010 Flash Crash

Visualization of exchange routing during the flash crash courtesy of Nanex. In the video orders come in from outside the circle represented by triangles. The color of the triangle matches the reporting exchange it came from. Each box on the outer edge is a different reporting exchange. The bigger triangle represent quotes at the National Best Bid Offer, NBBO. You can see how exchanges have bursts of quotes at a time. When the quotes become crossed, a red indicator shows up in CQS.

An order comes into an exchange, is processed internally and then sent out to all other exchanges and CQS.

This is GE during the the flash crash. This is actual data being used. Time is slowed down to see everything that happens.

Category:

Education

Tags:

• Flash
• Crash
• Stock
• market
• exchange
• CQS
• NBBO
• GE
• May
• 6th

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