An insider has told me to expect an investigation into Monday’s Flash Jump Dump as some large # of stocks actually started trading 2-3 minutes early than the open — due to a computer glitch of of the stacks upon stacks of automated trading orders.
Stocks that should have had automatic trading stops due to volatility never kicked in.
The computers cannot be stopped by people in a case such as that? Are there any guarantees that any directions placed overnight will be in place when the market opens? Logic would say that if the system can't handle the volatility it would lead to a late opening.
To bad the 'investigation' will most probably ignore the real cause, namely that we got bureaucrats making laws in the 21st century that were written to please 19th century thinking voters.