Apple "Mini Flash Crash" Apple halted for volatility circuit breaker after trade at $542.80





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Published on Mar 23, 2012

http://www.StockMarketFunding.com Apple "Mini Flash Crash" "Apple Computer" halted for volatility circuit breaker after trade at $542.8. We were trading Apple and saw the $542.80 and immediately all our options orders on Apple were canceled. This is the 2nd day this week we've seen these lower erroneous prints below the market. On Tuesday we saw a $570 print well below the market.

This time it caused the "circuit breaker" to automatically halt the stock. These prints can wreak havoc in the stock and options pits because it throws off the algorithmic stock trading robots which create bid and ask spreads on equities and options. We've also seeing data feed distruptions from the exchange data and this is very similar to the type of activity we saw just before the 5/6/2010 "Flash Crash".

On the very day that BATS, short for Better Alternative Trading System, one of the larger high-frequency trading exchanges in the country, launched its IPO, an errant trade on the BATS exchange caused a mini flash crash in the most valuable stock in America.

Shares of Apple, the world's most valuable company, plunged 9 percent on a single trade, causing it to be halted by the single stock circuit breaker rule because of volatility.

A single trade of 100 shares at a price of $542.80 hit the tape at 10:57 coming from the BATS Exchange. The previous trade seconds earlier was at a price of $598.26.

Apple Inc., together with subsidiaries, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players; and sells related software, services, peripherals, networking solutions, and third-party digital content and applications worldwide. Its products and services include iPhone, iPad, Mac, iPod, Apple TV, the iOS and Mac OS X operating systems, iCloud, and various accessory and support offerings, as well as a range of consumer and professional software applications.

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