Russia's Main ETF Just Erased 5% Instantly

Russian ETFs are moving in Monday's afternoon session.

Following news that Russia's GDP fell in November, the Market Vector Russia ETF Trust RSX experienced what at first looked to be a "fat finger" trade.

At 15:41 EDT, block trades were detected in the RSX as the ETF erased roughly 5 percent.

Courtesy of Nanex, readers can see the rapid selling followed by a five second sub-penny battle before rebounding.

(Click To Enlarge)

Image credit: Public Domain