Given that their business is “supplying a real-time data feed comprising trade and quote data for all US equity, option, and futures exchanges” along with the creation of “numerous tools to help us sift through the enormous dataset,” their perspective has the validity, tools, and skills welook for when confronted with unusual trading patterns. It is well worth considering.
I cannot tell if it is, as alleged, “Algorithmic Terrorism” — but it sure is interesting looking:
BATS “Scissors”. Classic example of BATS quoting, intermitting a stub quote, quoting 1 penny above or below the last valid quote (up on the ask side, down on the bid side) then another stub quote, etc.
“Boston Shuffle”. 1250 quotes in 2 seconds, cycling the ask price up 1 penny a quote for a 1.0 rise, then back down again in a single quote (and drop the bid size at that time for a few cycles).
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.