Portend more to come? Another 2 Markets Break!

Another Market Breaks – Tokyo Stock Exchange Halts Derivative Trades

Earlier today the Spanish stock exchange was down for nearly 5 hours – the reason is unclear: perhaps as a form of precrime punishment to all those felons who would even consider selling stocks in the future. Now, the SkyNet self-awareness wave goes East just as Japan opens and takes down all Tokyo derivative trading:

  • Tokyo Stock Exchange Stops Derivative Trades, Cites System Error – BBG
  • Tokyo Stock Exchange Group stopped trading of Topix futures, JGB futures and options from around 9:20 a.m. because of a systems error.
  • Co. spokesman Naoya Takahashi spoke in phone interview

In the aftermath a series of events such as the FaceBook IPO collapse, Knight, IBEX, this was only logical and expected. Tomorrow, any stock market that even thinks of a red candle will be halted indefinitely.

http://www.zerohedge.com/news/another-market-breaks-tokyo-stock-exchange-halts-derivative-trades

Spain’s Stock Exchange Has Been Halted For Over 4 Hours Due To “Technical Glitch”

From MarketWatch:

The Spanish stock exchange was halted Monday morning due to a technical glitch, according to a spokesman for operator Bolsas y Mercados Espanoles SA . The spokesman did not give a time for the resumption of trade nor specify the nature of the glitch. The market has been halted since 10 a.m. Central European Time. The Spanish IBEX 35 index was trading up 0.25% just ahead of the halt

Update: IBEX resumes for trade with a nearly 5 hour delay, last seen higher at 1.68%. We can only hope the Knight algo is not to blame for yet another round of headless chicken buying.

Last week it was Knight, today it is the Spanish stock market. Following a halt for a “technical glitch” just after 4 am Eastern time, Spain’s stock exchange, the IBEX, is still not trading as of this posting. So how will Spain and the ECB declare victory if they are unable to demonstrate the daily ramp in Spanish stocks (where shorting financials is once again forbidden…. because Europe continues to be “fixed”).

http://www.zerohedge.com/news/spains-stock-exchange-has-been-halted-over-4-hours-due-technical-glitch

 

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