Last time it was
trading faster than the speed of light in gold and stocks. This time,
50 seconds before the FOMC statement was officially released to
the great unwashed,
Nanex
notes that the market exploded with activity reaching levels higher than
during the actual FOMC news release. As they show in the charts below,
approximately
$106 Million of SPY and 3,700 eMini Futures contracts
traded in 1 second. Gold - while less voluminous - was just as berserko
in the minutes and seconds leading up the news release.
What is going on
here?
See also
this image of
eMini liquidity during this time.
For clairfication, here is S&P 500 Futures price and volume... (1-second
bars)

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