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When Headline Scanning Algos Get Crushed By A Wrong Bloomberg Headline

By Ilene
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Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

At 1033ET, Bloomberg headlines flashed: "WHOLE MILK POWDER PRICES FALL 11.5% IN GDT AUCTION" which caused an instant collapse in Kiwi (NZDUSD) as headline-reading algos reacted. However, as "humans" knew and @FXMacro reminded Bloomberg, that was last month's drop…

When Bloomberg reissued: "CORRECT: WHOLE MILK POWDER PRICES RISE 3.4% IN GDT AUCTION" Kiwi surged higher. These are your efficient markets…

 

 

1033ET Bloomberg: WHOLE MILK POWDER PRICES FALL 11.5% IN GDT AUCTION

1035ET @FXMacro warns BB has it wrong be careful

1036ET @FXMacro warns BB is reporting last month's fall

1038ET Bloomberg: CORRECT: WHOLE MILK POWDER PRICES RISE 3.4% IN GDT AUCTION

*  *  *

Welcome to the new efficient liquidity-providing markets…

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