7 ms·
These sorts of mistakes happened when I was trading options more than a decade ago. In most transactions, such a confirmation would have cost money on every tr
by funtober 10y ago
These sorts of mistakes happened when I was trading options more than a decade ago. In most transactions, such a confirmation would have cost money on every transaction since speed matters.
Back in the old days, I feel the broker would have gone to the market makers, said there was an error, and gotten out of the trade.
- enraged_camel 10y ago>>In most transactions, such a confirmation would have cost money on every transaction since speed matters. Which is why I said you would enable it based on a threshold and/or only on unusual threads. These systems are capable of extremely complex decision-making at very high frequency. Surely something like "sell 610,000 shares for 1 yen" would have stood out as strange.