Presenting Flash Trading Detectives At Work

Back in the summer of 2010, when the porn addicts from the SEC were still trying to pin the flash crash on a lazy mutual fund out of Overland Park, Kansas, we presented a little known firm called Nanex to the world, initially for selfish reasons - to use ther empirical analysis, now undisputed except by the most entrenched HFT firms, that the May 2010 flash crash was caused by runaway algos ...