Whether this was merely ETF creation by the good folks at MS or some much more serious ongoing problems at PDT it is still unclear... Or at least until M/N and L/S quant desks have to report month end numbers. Not surprisingly DB is nowhere to be found: maybe that has something to do with the fact that their quants will soon be following in the quiet footsteps of Boaz Weinstein.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjm4gwx5kllQylzBUA-v2ywdutC9QcJ0lwfuEic6S_4B2wH7AI3GTO903ZWg-eqG3VMujzIOotn625_uf1wxloHtqABylt8Sn6cwo4859nnJ4zMBBH-J1T30nSmSOWuXNquNGXJN3Qos7s/s400/IOIA+4.30.09+.jpg)