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NYSE says Electronic Trading Black Box for plunge
- Thread starter Trendytrader
- Start date
This whole problem was caused by the NYSE by stopping trading. The humans stopped trading, and others markets where open. PERIOD. No blame on black boxes/HTF/fat finger crap.
If the NYSE could handle orders without a "time out" to go play in the sand box, this never would of happened!
But watch the blame game still on fat finger, HTF. This is purely based on NYSE floor for stopping trading. Remember, the NYSE HAS CIRCUIT BREAKERS ANYWAYS.
If the NYSE could handle orders without a "time out" to go play in the sand box, this never would of happened!
But watch the blame game still on fat finger, HTF. This is purely based on NYSE floor for stopping trading. Remember, the NYSE HAS CIRCUIT BREAKERS ANYWAYS.
Quote from Stok:
This whole problem was caused by the NYSE by stopping trading. The humans stopped trading, and others markets where open. PERIOD. No blame on black boxes/HTF/fat finger crap.
If the NYSE could handle orders without a "time out" to go play in the sand box, this never would of happened!
But watch the blame game still on fat finger, HTF. This is purely based on NYSE floor for stopping trading. Remember, the NYSE HAS CIRCUIT BREAKERS ANYWAYS.
There were no circuit breakers for that level of drop at that time of day.
http://www.nyse.com/press/circuit_breakers.html
Quote from risktaker:
I trade all the major European exchanges and none of this US bullshit happens there!
Not in Paris.
Not in London.
Not on Xetra.
Not in Madrid.
Not in Milan.
Not on Chi-X.
Not on OMX.
Not in Oslo.
Yes, they're all electronic. They just don't have these leeches like in the US fucking up the market every day!
Yep. The Europeans have it all figured out. Why, just look at how sound that European Union and it's currency is!
Oh...hang on...
Just got an email from one broker.
The Dow Jones industrial average had one of the most turbulent trading days in its history yesterday.The situation remained unclear long after the closing bell as the Nasdaq Stock Market and others said they would cancel a large number of erroneous trades. Acting in cooperation, pursuant to rule 11890(b), Exchanges made a determination to cancel all trades executed between 14:40:00 and 15:00:00 (EST) greater than or less than 60% away from the consolidated last print in that security at 14:40:00 or immediately prior. The Exchange stipulated that this decision cannot be appealed. The stocks affected and the break points are posted on the following
website: http://media.globenewswire.com/cache/6948/file/8211.htm
So these pricks want to trade against us with black boxes, than have their butts saved by the exchanges.
The link wouldn't open for me.
The Dow Jones industrial average had one of the most turbulent trading days in its history yesterday.The situation remained unclear long after the closing bell as the Nasdaq Stock Market and others said they would cancel a large number of erroneous trades. Acting in cooperation, pursuant to rule 11890(b), Exchanges made a determination to cancel all trades executed between 14:40:00 and 15:00:00 (EST) greater than or less than 60% away from the consolidated last print in that security at 14:40:00 or immediately prior. The Exchange stipulated that this decision cannot be appealed. The stocks affected and the break points are posted on the following
website: http://media.globenewswire.com/cache/6948/file/8211.htm
So these pricks want to trade against us with black boxes, than have their butts saved by the exchanges.
The link wouldn't open for me.
Quote from kowboy:
Just got an email from one broker.
The Dow Jones industrial average had one of the most turbulent trading days in its history yesterday.The situation remained unclear long after the closing bell as the Nasdaq Stock Market and others said they would cancel a large number of erroneous trades. Acting in cooperation, pursuant to rule 11890(b), Exchanges made a determination to cancel all trades executed between 14:40:00 and 15:00:00 (EST) greater than or less than 60% away from the consolidated last print in that security at 14:40:00 or immediately prior. The Exchange stipulated that this decision cannot be appealed. The stocks affected and the break points are posted on the following
website: http://media.globenewswire.com/cache/6948/file/8211.htm
So these pricks want to trade against us with black boxes, than have their butts saved by the exchanges.
The link wouldn't open for me.
Yes. That's what the pricks want. Fucking pricks.
Quote from SomeYoungGuy:
They pay many many millions in commissions to the exchanges. As long as they do, they will have more clout than you and me.
Frankly they do enough volume that they should have clout. anyone who thinks different is a communist.(serious) There is no expectation that the little guy can do the same things the big guys do. People need to stop being so delusional.