zerohedge.com / By Tyler Durden / 01/02/2013 12:39
2013 has begun just as 2012 progressed as Granite Construction just plunged 12.6% in under one second. As Nanex shows below, it is simply ludicrous. Of course, the algos (like every entity that comes close to ‘failing’ in the new normal) will never learn since, as usual, NASDAQ has decided to cancel the trades…
- *NASDAQ TO CANCEL SOME TRADES IN ‘GVA’ FROM 11:45-11:46ET AT/BELOW $32.72 11:45AM-11:46AM
On January 2, 2013 at 11:46:56, the stock of Granite Construction Inc. (symbol GVA) tumbled 12.6% in 1 second on hundreds of trades (~50,000 shares). It recovered most of that drop seconds later.
1. GVA – 1 second interval chart showing trades color coded by exchange.