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How Today’s Non-Farm Payroll Release Looked To An Algo

Saturday, April 6, 2013 7:08

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(Before It's News)

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

zerohedge.com / By Tyler Durden / April 5, 2013, 21:26 -0400

Courtesy of Nanex, here are several depth of market charts showing how today’s NFP number looked like through the eyes of the kneejerk response algos, and how quantized, sub-millisecond jumps in the “market” appear like in a day and age when virtually all the trading done is that by robots. And, oh yes, a statistically “noisy” number, such as today’s jobs which is entirely lost in the seasonal adjustment, just somehow manages to wipe out all the market liquidity for what to a robot is an eternity. What happens when the shock is not just statistical noise?

1. eMini futures (ES) Depth of Book during scheduled Employment Situation news release.