Subject: Fwd:>>> US stock volumes set to eclipse October's 'flash crash'
US stock volumes set to eclipse October's 'flash crash'
The computers in Carteret, New Jersey, where traders connect to Nasdaq's data centre, are whirring.
More than 11.6bn shares have traded hands on the New York Stock Exchange, Nasdaq and NYSE MKT by 3:30pm on Monday afternoon, the highest level of the year with roughly 30 minutes before markets close for the day.
A surge in volatility has forced traders and portfolio mangers back to their terminals, albeit remotely, in what is relatively a placid week in August.
Monday's volume surpassed December 19, when 11.5bn shares traded hands two days after a quarterly press conference from Fed chair Janet Yellen.
Before that, the busiest day for volumes since 2012 was October 15, 2014 when Treasury markets — the bedrock of global financial markets — had a wild swing in yields in what was dubbed a flash crash.
Some 11.9bn shares traded hands on the three exchanges that day. Last Friday, when stocks were roiled by Chinese unease, roughly 10.5bn shares traded hands.
