Fannie Mae-No Politics (FNMA)

[InDepthAnalysis]

Someone created a program to flip/short FNMA, obviously this program will need to go through an ECN or broker so that they will be able to actually buy or sell shares.

They can't do it directly. This particular person or group (most likely) is going through ARCA due to their very quick transaction times, which is ideal for the program to scalp profits.

Anyone thinking that there is a guy sitting in front of a computer with a boatload of cash, the reflexes of a cat, and Rainman like abilities to read the chart along with the L2 while making split second changes to his orders, is really out of touch with reality.

Also anyone thinking that it is multiple traders, is also wrong. It is very clear that there is only one entity behind ARCA.