[jhulla]

There is always a market for your asset. You might not like the price. Market makers that are not tied to TBTF banks would actually be more responsible because there is no safety net.

Aggressive traders who understand market structure can and will profit.

I remember flash crash days - my trading platform stopped responding - I could not get quotes and I could not do trades. I desperately wanted get a fill at the flash sale prices. No dice for me. Some friends who had stops in place found out that their broker had automatically sold their positions at deep discounts. Aggressive traders (with working platforms) benefitted for sure.

[missbit]

which platform was that? I am on IB & schwab. I've noticed on high volume days the Schwab desktop platform is not as available. Plus, Schwab has no up/down status page. Interactive Brokers has been more available & has the up/down status.