Orbite Technologies Inc EORBF

CIBC initiated Flash Crash of Orbite Aluminae - Fe

[skydiver069]

Email sent this evening...  However this email bounced ([e-mail]) and I recv'd auto replies from Ombudsman @ CIBC and Victoria Pinning at IIROC.

to:		[e-mail],  [e-mail]
cc:		[e-mail],  [e-mail],  [e-mail],  [e-mail],  [e-mail],  [e-mail],  [e-mail],  [e-mail]

 

Hello,

I am seeking an explanation for what happened that caused CIBC to initiate a Flash-Crash of Orbite Aluminae on Feb 14th, 2013, given all the sales of Orbite shares in a 3 minute time frame at market prices?  Considering CIBC was bragging about their new CORE trading engine via a Globe and Mail article which is suppose to prevent errors of this nature from occurring (link here: https://www.theglobeandmail.com/report-on-business/streetwise/cibc-launches-new-core-trading-engine/article616742/), I am, unfortunately, left to conclude this trade was done intentionally, with the intent of manipulating the stock price for CIBC's benefit (trade date found below).

 

Time ET	Price	Change	Volume	Buyer	Seller	Markers
9:34:43	2.43	-0.04	4,600	79 CIBC	79 CIBC	KW
9:34:43	2.43	-0.04	300	39 Merrill Lynch	79 CIBC	KW
9:34:43	2.43	-0.04	200	39 Merrill Lynch	79 CIBC	KW
9:34:43	2.43	-0.04	200	39 Merrill Lynch	79 CIBC	KW
9:34:43	2.42	-0.05	3,200	2 RBC	79 CIBC	KW
9:34:43	2.42	-0.05	200	2 RBC	79 CIBC	K
9:35:00	2.42	-0.05	400	79 CIBC	89 Raymond James	K
9:35:26	2.42	-0.05	1,000	79 CIBC	79 CIBC	KW
9:35:26	2.42	-0.05	100	79 CIBC	79 CIBC	KW
9:35:26	2.42	-0.05	1,500	80 National Bank	79 CIBC	KW
9:35:26	2.42	-0.05	100	123 Citigroup	79 CIBC	KW
9:35:26	2.42	-0.05	800	1 Anonymous	79 CIBC	KW
9:35:26	2.41	-0.06	100	79 CIBC	79 CIBC	KW
9:35:26	2.41	-0.06	100	79 CIBC	79 CIBC	KW
9:35:26	2.41	-0.06	100	79 CIBC	79 CIBC	KW
9:35:26	2.41	-0.06	1,000	1 Anonymous	79 CIBC	KW
9:35:26	2.41	-0.06	500	1 Anonymous	79 CIBC	KW
9:35:26	2.41	-0.06	1,500	9 BMO Nesbitt	79 CIBC	KW
9:35:26	2.41	-0.06	300	1 Anonymous	79 CIBC	KW
9:35:26	2.41	-0.06	200	1 Anonymous	79 CIBC	KW
9:35:26	2.41	-0.06	200	1 Anonymous	79 CIBC	KW
9:35:26	2.41	-0.06	400	1 Anonymous	79 CIBC	KW
9:35:26	2.4	-0.07	1,400	79 CIBC	79 CIBC	K
9:35:26	2.4	-0.07	100	79 CIBC	79 CIBC	K
9:35:26	2.4	-0.07	500	80 National Bank	79 CIBC	K
9:35:27	2.41	-0.06	100	79 CIBC	39 Merrill Lynch	K
9:35:32	2.42	-0.05	100	79 CIBC	39 Merrill Lynch	K
9:36:54	2.43	-0.04	2,400	79 CIBC	79 CIBC	KW
9:36:54	2.43	-0.04	100	123 Citigroup	79 CIBC	KW
9:36:54	2.43	-0.04	1,200	9 BMO Nesbitt	79 CIBC	KW
9:36:54	2.42	-0.05	300	1 Anonymous	79 CIBC	KW
9:36:54	2.42	-0.05	200	39 Merrill Lynch	79 CIBC	KW
9:36:54	2.42	-0.05	200	39 Merrill Lynch	79 CIBC	KW
9:36:54	2.42	-0.05	1,200	101 Newedge	79 CIBC	KW
9:36:54	2.41	-0.06	200	39 Merrill Lynch	79 CIBC	KW
9:36:54	2.41	-0.06	2,000	13 Instinet	79 CIBC	KW
9:36:54	2.41	-0.06	1,000	99 Jitney	79 CIBC	KW
9:36:54	2.41	-0.06	300	1 Anonymous	79 CIBC	KW
9:36:54	2.4	-0.07	200	80 National Bank	79 CIBC	K
9:36:54	2.4	-0.07	3,800	7 TD Sec	79 CIBC	K
9:36:54	2.4	-0.07	2,000	7 TD Sec	79 CIBC	K
9:36:54	2.4	-0.07	2,000	7 TD Sec	79 CIBC	K
9:36:54	2.4	-0.07	500	80 National Bank	79 CIBC	K
9:36:54	2.4	-0.07	700	9 BMO Nesbitt	79 CIBC	K
9:36:54	2.4	-0.07	1,000	9 BMO Nesbitt	79 CIBC	K
9:36:54	2.4	-0.07	100	1 Anonymous	79 CIBC	K
9:36:55	2.4	-0.07	100	79 CIBC	79 CIBC	K
9:36:55	2.4	-0.07	4,600	79 CIBC	79 CIBC	K
9:37:00	2.39	-0.08	4,600	79 CIBC	7 TD Sec	K
9:37:00	2.38	-0.09	100	79 CIBC	79 CIBC	K
9:37:00	2.38	-0.09	100	79 CIBC	79 CIBC	K
9:37:21	2.38	-0.09	200	79 CIBC	13 Instinet	K
9:37:36	2.35	-0.12	600	1 Anonymous	79 CIBC	K
9:37:36	2.35	-0.12	1,000	1 Anonymous	79 CIBC	K
9:37:36	2.35	-0.12	1,000	1 Anonymous	79 CIBC	K
9:37:36	2.35	-0.12	200	39 Merrill Lynch	79 CIBC	K
9:37:36	2.35	-0.12	1,000	80 National Bank	79 CIBC	K
9:37:36	2.35	-0.12	1,000	1 Anonymous	79 CIBC	K
9:37:36	2.34	-0.12	98	36 Latimer	79 CIBC	E
9:37:36	2.34	-0.13	500	19 Desjardins	79 CIBC	KW
9:37:36	2.34	-0.13	3,000	15 UBS	79 CIBC	KW
9:37:36	2.34	-0.13	1,500	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.32	-0.15	100	39 Merrill Lynch	79 CIBC	K
9:37:36	2.32	-0.15	200	39 Merrill Lynch	79 CIBC	K
9:37:36	2.32	-0.15	100	39 Merrill Lynch	79 CIBC	K
9:37:36	2.32	-0.15	50	36 Latimer	79 CIBC	E
9:37:36	2.32	-0.15	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.32	-0.15	600	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.32	-0.15	100	1 Anonymous	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	400	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.32	-0.15	100	39 Merrill Lynch	79 CIBC	K
9:37:36	2.32	-0.15	300	39 Merrill Lynch	79 CIBC	K
9:37:36	2.32	-0.15	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.32	-0.15	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.32	-0.15	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.3	-0.17	200	19 Desjardins	79 CIBC	KW
9:37:36	2.3	-0.17	2,000	1 Anonymous	79 CIBC	KW
9:37:36	2.3	-0.17	500	80 National Bank	79 CIBC	KW
9:37:36	2.3	-0.17	8,800	19 Desjardins	79 CIBC	KW
9:37:36	2.3	-0.17	400	1 Anonymous	79 CIBC	KW
9:37:36	2.3	-0.17	200	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	K
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	K
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	K
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	K
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	K
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	100	39 Merrill Lynch	79 CIBC	KW
9:37:36	2.31	-0.16	400	39 Merrill Lynch	79 CIBC	K
9:37:36	2.31	-0.16	400	39 Merrill Lynch	79 CIBC	K
9:37:36	2.28	-0.19	1,000	19 Desjardins	79 CIBC	KW
9:37:36	2.28	-0.19	1,000	124 Questrade	79 CIBC	KW
9:37:36	2.28	-0.19	10,000	1 Anonymous	79 CIBC	KW
9:37:37	2.26	-0.21	1,000	79 CIBC	79 CIBC	KW
9:37:37	2.26	-0.21	500	19 Desjardins	79 CIBC	KW
9:37:37	2.26	-0.21	5,000	9 BMO Nesbitt	79 CIBC	KW
9:37:37	2.26	-0.21	2,000	9 BMO Nesbitt	79 CIBC	KW
9:37:37	2.25	-0.22	1,000	79 CIBC	79 CIBC	KW
9:37:37	2.25	-0.22	3,000	19 Desjardins	79 CIBC	KW
9:37:37	2.25	-0.22	2,000	88 Credential	79 CIBC	KW
9:37:37	2.24	-0.23	200	39 Merrill Lynch	79 CIBC	KW
9:37:37	2.21	-0.26	2,000	80 National Bank	79 CIBC	KW
9:37:37	2.21	-0.26	300	19 Desjardins	79 CIBC	KW
9:37:37	2.2	-0.27	1,000	2 RBC	79 CIBC	KW
9:37:37	2.2	-0.27	2,500	19 Desjardins	79 CIBC	KW
9:37:37	2.2	-0.27	500	80 National Bank	79 CIBC	KW
9:37:37	2.18	-0.29	1,000	1 Anonymous	79 CIBC	KW
9:37:37	2.18	-0.29	3,000	15 UBS	79 CIBC	KW
9:37:37	2.15	-0.32	2,000	1 Anonymous	79 CIBC	KW
9:37:37	2.13	-0.34	500	80 National Bank	79 CIBC	KW
9:37:37	2.12	-0.35	2,500	2 RBC	79 CIBC	KW
9:37:37	2.12	-0.35	2,500	80 National Bank	79 CIBC	KW
9:37:37	2.11	-0.36	7,500	79 CIBC	79 CIBC	KW
9:37:37	2.05	-0.42	3,000	80 National Bank	79 CIBC	KW
9:37:37	2.01	-0.46	1,000	79 CIBC	79 CIBC	KW
9:37:37	2.01	-0.46	1,000	19 Desjardins	79 CIBC	KW
9:37:37	2.01	-0.46	3,700	2 RBC	79 CIBC	KW
9:37:37	2.24	-0.23	30,500	39 Merrill Lynch	79 CIBC	K
9:37:37	2.01	-0.46	4,000	79 CIBC	79 CIBC	K
9:37:37	2.01	-0.46	1,300	2 RBC	79 CIBC	K
9:37:37	2.01	-0.46	2,500	9 BMO Nesbitt	79 CIBC	K
9:37:37	2.01	-0.46	500	95 Wolverton	79 CIBC	K
9:37:37	2	-0.47	1,600	19 Desjardins	79 CIBC	K
9:37:37	2	-0.47	500	2 RBC	79 CIBC	K
9:37:37	2	-0.47	2,400	80 National Bank	79 CIBC	K
9:37:37	2	-0.47	2,500	7 TD Sec	79 CIBC	K
9:37:37	2	-0.47	1,000	19 Desjardins	79 CIBC	K
9:37:37	2	-0.47	1,000	2 RBC	79 CIBC	K
9:37:37	2	-0.47	2,000	19 Desjardins	79 CIBC	K
9:37:37	2	-0.47	500	19 Desjardins	79 CIBC	K
9:37:37	1.96	-0.51	1,000	7 TD Sec	79 CIBC	K
9:37:37	1.9	-0.57	1,000	19 Desjardins	79 CIBC	K
9:37:37	1.9	-0.19	800	1 Anonymous	79 CIBC
9:37:37	1.9	-0.17	2,000	80 National Bank	79 CIBC
9:37:37	1.9	-0.13	3,000	69 Jordan	79 CIBC
9:37:37	1.9	-0.09	600	80 National Bank	79 CIBC
9:37:37	1.9	-0.09	9,400	80 National Bank	79 CIBC
9:37:37	1.9	-0.12	5,000	85 Scotia	79 CIBC
9:37:37	1.9	-0.12	1,300	85 Scotia	79 CIBC
9:37:37	1.9	-0.12	1,300	85 Scotia	79 CIBC
9:37:37	1.9	-0.13	1,000	19 Desjardins	79 CIBC
9:37:37	1.9	-0.13	1,000	19 Desjardins	79 CIBC
9:37:37	1.9	-0.21	5,000	79 CIBC	79 CIBC
9:37:37	1.9	-0.21	3,000	9 BMO Nesbitt	79 CIBC
			222,448

That said, I expect a detailed response from CIBC on this matter, and am also CC'ing certain regulating bodies and requesting that they also investigate this matter further.  I feel these trades should be cancelled, and not simply re-priced as they were last week.

Regards,