Algo trader price


Unfortunately, the trading algorithm the program was using was a bit eccentric as well. On every stock exchange, there is a "bid" and an "ask" price. Over and over and over again. Knight Capital was trading blocks of Exelon common stock at a rate as high as 40 trades per second — and taking a 15 cent per share loss on each round-trip transaction.

As one observer put it: They may get at least a partial reprieve. The NYSE will reverse trades in six stocks during the time period when the prices were at least 30 per cent outside the normal trading range for the stocks. I find it hard to believe that the software was so faulty that it could just go into berserker mode and start wildly trading. In short, plenty of blame to go around. But apportioning blame will have to wait until the forensics are complete.

Then will come the lawsuits, settlements, high-level blue-ribbon commission hearings, and, finally, the insider tell-all books. Put me down for a Kindle version of the books, please. Minds Mastering Machines - Call for papers now open.

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Just over a month to go A developer always pays their technical debts — oh, every penny It went out and did what it was designed to do: Unfortunately, the trading algorithm the program was using was a bit eccentric as well. On every stock exchange, there is a "bid" and an "ask" price.

Over and over and over again. Knight Capital was trading blocks of Exelon common stock at a rate as high as 40 trades per second — and taking a 15 cent per share loss on each round-trip transaction. As one observer put it: They may get at least a partial reprieve.

The NYSE will reverse trades in six stocks during the time period when the prices were at least 30 per cent outside the normal trading range for the stocks. I find it hard to believe that the software was so faulty that it could just go into berserker mode and start wildly trading.

In short, plenty of blame to go around. But apportioning blame will have to wait until the forensics are complete. Then will come the lawsuits, settlements, high-level blue-ribbon commission hearings, and, finally, the insider tell-all books. Put me down for a Kindle version of the books, please. Minds Mastering Machines - Call for papers now open. The Register - Independent news and views for the tech community. Part of Situation Publishing.

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