Mysterious Algorithm Was 4% of Trading Activity Last Week 617
concealment sends this excerpt from CNBC:
"A single mysterious computer program that placed orders — and then subsequently canceled them — made up 4 percent of all quote traffic in the U.S. stock market last week, according to the top tracker of high-frequency trading activity. The motive of the algorithm is still unclear. The program placed orders in 25-millisecond bursts involving about 500 stocks, according to Nanex, a market data firm. The algorithm never executed a single trade, and it abruptly ended at about 10:30 a.m. ET Friday."
Truth or dare... (Score:5, Funny)
The game was interrupted when the boss arrived (what he called "first thing in the morning").
my bad lol (Score:5, Funny)
forgot to exit my Do While loop :) had to ctrl+al+del
Re:Market manipulation (Score:4, Funny)
Re:Testing (Score:5, Funny)
Re:Identification? (Score:4, Funny)
I find it a bit strange that these trading systems don't seem to use some kind of identification (like signed certificates). How is it possible that some system did these things and the stock exchange doesn't immediately know whose system this was? This sounds like a disaster waiting to happen.
Regulation BAD. Free market GOOD. RRROOOOOAAARRRR!
Re:Truth or dare... (Score:5, Funny)