Just as stocks seemed heavy at the open, missing the traditional post-open ramp, the NYSE ARCA Options announced that at 10:12am it had declared self-help and announced it has suspended routing as something broke. The exchange announced that additional information will follow as soon as possible.
However, unlike on previous occasions when market breaks of this kind have resulted in a sharp rebound in risk assets, this time the break appears to have halted the drop in the VIX which leveled out the moment the market broke.
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