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Algos Celebrate Virtu's IPO With Massive Euro Stop Smash

EURUSD just exploded 80 pips higher as Japanese markets opened (once again for no good reason - just like DAX at the EU close). No ther markets are moving with it (as both spot and futures are poked higher on relatively heavy overnight volume). We assume this is just the machines over at Virtu (which IPO'd at a $19 price tonight) celebrating... after all they said the FX market was the next to be rigged by them (allegedly)...

 

 

On heavy volume...

 

Remember what happened after the BATS IPO... could be a fun open tomorrow.