This Is What Happens When A Buggy Algorithm Goes Crazy

if there is real SEC- i would apply a small fee for ALL orders. very simple and very effective step against this madness. fraction of 1 cent would be enough to stop that. 1 simple order from SEC.
 
Quote from Bob111:

if there is real SEC- i would apply a small fee for ALL orders. very simple and very effective step against this madness. fraction of 1 cent would be enough to stop that. 1 simple order from SEC.
More...

Better yet if they apply small fee when you attempt to think.

Did it occur to you that 25 000 volume stock and 9 trades a day plus high volume of placed and cancelled trades means somebody or maybe CBOE was testing their system in real time on some dormant security?

So you have solution to no issue and no problem?
 
yeah..testing.. ask those nanex boys about it..testing my a**

http://www.nanex.net/aqck/2804.HTML

are they still testing it since 2008? ok then..

2006.20120809.TrdQteCnt.3.png
 
I like the idea of all quotes having to stay alive an actionable for 50ms before they can be cancelled. At least give traders the opportunity to act on it... Don't put it out there unless your willing to stand behind it and honor the trade.

50ms should be reasonable for market center local / colo traders. I think you would need 500ms for global parity... I can't see that happening.
 
Quote from PocketChange:

I think you would need 500ms for global parity...
More...

It would have to be a much longer hold than that...to be really fair on a "global" scale, the order needs to be held until the same time-zone adjusted time is reached across all possible trading locations...
 
I'm cool with these algorithmic systems since they do provide some liquidity to the markets. However, I wouldn't wanna get caught up when they cause a flash crash.
 
You must log in or register to reply here.
Back
Top