Circuit breaker!

Amun Ra · Mar 9, 2020

We all gotta tap our foots now for 15 minutes.

Turveyd · Mar 9, 2020

Going to be an interesting show, 13mins off briefly.

Option_Attack · Mar 9, 2020

Don't like halts. Do you think they really help a market like the US? I really don't know...

tomas262 · Mar 9, 2020

I am kind of CB supporter

Limits have been in commodities for ages ... Considering all the derivatives markets and how so many markets are interrelated stocks - futures - options ... if there are no circuit breakers in place the whole system would just freeze and go belly up. Thanks to CB the system, people, machines, whatever participates nowaday

gains some space to adjust

gkishot · Mar 9, 2020

tomas262 said:
I am kind of CB supporter Considering all the derivatives markets and how so many markets are interrelated stocks - futures - options ... if there are no circuit breakers in place the whole system would just freeze and go belly up

What happens after market reopens? How is the CB going to affect trading then?

d08 · Mar 9, 2020

tomas262 said:
I am kind of CB supporter Limits have been in commodities for ages ... Considering all the derivatives markets and how so many markets are interrelated stocks - futures - options ... if there are no circuit breakers in place the whole system would just freeze and go belly up. Thanks to CB the system, people, machines, whatever participates nowaday gains some space to adjust

That's illogical. We have plenty of processing power and data bandwidth to process everything. It's not 1993 anymore.

tomas262 · Mar 9, 2020

d08 said:
That's illogical. We have plenty of processing power and data bandwidth to process everything. It's not 1993 anymore.

I am recalling the flash crash and this is not true .... you mean getting quotes with 10, 15, 20 mins delay is just fine ...

RedDuke · Mar 9, 2020

d08 said:
That's illogical. We have plenty of processing power and data bandwidth to process everything. It's not 1993 anymore.

but human nature is the same. Sometimes a small period of time is needed to catch a breath

Amun Ra · Mar 9, 2020

RedDuke said:
but human nature is the same. Sometimes a small period of time is needed to catch a breath

Agree with this. It's really hard to keep that panic in your stomach for 15 minutes. Gives the body a chance to reach homeostasis so you don't make an emotional decision.

ktm · Mar 9, 2020

I like the pauses. The algo's are a bigger deal now and could cause what would be high volatility to turn into absolute chaos. I think people can agree that we want to KNOW what the actual price is in real time and be able to make decisions with valid, current data. It seems like the pauses help in that regard.