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NYSE... Got Root?
- To: [email protected]
- Subject: NYSE... Got Root?
- From: [email protected] (Georgi Guninski)
- Date: Mon, 1 Feb 2016 12:43:50 +0200
- In-reply-to: <CAD2Ti28+pe9kbsC7kJCaRBpfLhHXffy=K+DKcvAowqC_FXj-2Q@mail.gmail.com>
- References: <CAD2Ti28+pe9kbsC7kJCaRBpfLhHXffy=K+DKcvAowqC_FXj-2Q@mail.gmail.com>
On Thu, Jan 28, 2016 at 01:36:07AM -0500, grarpamp wrote:
> http://www.bloomberg.com/news/articles/2016-01-26/high-speed-firms-now-oversee-almost-all-stocks-at-nyse-floor
> Now, humans on the NYSE floor have more of a supervisory role, making
> sure the automated systems don't go haywire. Barclays has been around
This reminds me of a story at theregister.
On a large exchange, a trading bot behaved weirdly.
It buys at highest possible and sells at lowest possible.
As expected, the trading bot owner lost _a lot_ of money
in very short time.
IIRC the bot's transactions were rolled back per some rule
and the situation was explained with "beta testing gone wild".