Gotta love ZERO RISK in the SP500 = $$$

One more thing about yesterday. This is from the WSJ:

Louis Pastina, an executive overseeing trading systems at the Big Board, said "a rush of orders" in the last hour of trading overwhelmed the exchange's computers, leading to delays and an unknown number of orders that were never completed. Some trades may have been done on alternative markets or in an after-hours crossing session the NYSE extended by a half hour to 5:30 p.m., he said. He added that floor traders were finishing trades manually until around 4:25 p.m., about 20 minutes later than usual.

A spokesman for the NYSE said the new hybrid trading system -- which matches most trades electronically but sends some to traders on the exchange floor -- worked fine, but that another system that feeds it couldn't handle the onslaught of orders.
More...

You'd think that a $13B company would have a computer system that can keep up, or even have one that's over-engineered to handle double or triple the maximum volume they expect.
 
Quote from loufah:

One more thing about yesterday. This is from the WSJ:



You'd think that a $13B company would have a computer system that can keep up, or even have one that's over-engineered to handle double or triple the maximum volume they expect.
More...


NYSE Server Farm
col-cbm64.jpeg
 
"You'd think that a $13B company would have a computer system that can keep up, or even have one that's over-engineered to handle double or triple the maximum volume they expect."

Maybe the money to pay for that went to Grasso....
All they could afford after that was a guy with an abacus. :p
 
Quote from EqtTrdr:

it was horrible.... I was hiding in my underground cement bunker all day....

I thought this was the big one :(
More...

What happened to you?? You went silent all of a sudden..

You still in your basement avoiding the calls from your brokers..?
 
"You'd think that a $13B company would have a computer system that can keep up, or even have one that's over-engineered to handle double or triple the maximum volume they expect."

This is what happens when you have to call tech support and get put on hold by some guy in India.
 
Shorted ES 1410.50 = covered 1404.50 premarket. Short again from 1400 on the break, now printing 1397

Absolutely no risk shorting into resistance during this budding market breakdown. Test of Tuesday lows coming today... could be a continued meltdown into the weekend.

No risk on the sell side... follow the big-money players dumping volume supply on hapless retail buyers!
 
You must log in or register to reply here.
Back
Top