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 (NYSE: 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.
Basically, someone put an order to sell 1.3M shares of $RSX 5% below the current price at NY-ARCA
— Eric Scott Hunsader (@nanexllc) December 29, 2014
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