Stock halted due to volatility with just a few hundered shares traded?

Discussion in 'Trading' started by BaconFat, Aug 7, 2019.

  1. qlai

    qlai

    You may not send market order when the stock is in a halt. So you must have sent it before the stock halted. Hence, I'm assuming your large order either was front run or spooked the market and itself caused the halt.
     
    #11     Aug 7, 2019
  2. BaconFat

    BaconFat

    I use Fidelity, so I seriously doubt it was front run.

    I also don't see how an order of 500 shares would spook anything.
     
    #12     Aug 7, 2019
  3. qlai

    qlai

    Oh sorry, this thread crossed in my head with another one where guy is sending large orders to IB.
    Buy in any case, this appears to be a very thin stock, 500 shares market order can sweep several levels of the book causing the halt. For details, would need to go to Time and Sales.

    Don't send market orders for stocks that are thin!
     
    #13     Aug 7, 2019
  4. rb7

    rb7

    The stock was halted due to the LULD mechanism.
    Check NASDAQ website for more info.
     
    #14     Aug 7, 2019
  5. BaconFat

    BaconFat

    Yeah, I think I learned a lesson today. :(
     
    #15     Aug 7, 2019
  6. comagnum

    comagnum

    #16     Aug 7, 2019
  7. qlai

    qlai

    I don't agree here. Payment For Order Flow doesn't mean that the HFT firms can do whatever they want with the order. Definitely they would not engage in the ILLEGAL front running.
    BTW, my understanding is that most HFT wouldn't bother with thin stocks anyway. They most likely simply forward the order to the exchange or act as a counter party.
     
    #17     Aug 7, 2019
  8. Metamaga's answer is probably correct IMO.
     
    #18     Aug 7, 2019