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Let’s Have An HFT Party

(Last Updated On: March 23, 2012)

Let’s Have An HFT Party

calibratedconfidence.com

 

A quote $27 away from the inside is not banned as such, what is banned is DMM’s using these far outside quotes in order to meet DMM obligations and get the added rebates and other advantages they have.
It does not mean that people are prohibited from entering such quotes, although most pretrade risk engines will reject these.
So someone (and you dont need colos or high speed algo to enter a limit order $27 away, just fat fingers) entered an order, then some other fat fingered idiot placed a market order that took out the entire book, including the resting fat fingered order well away.
Which was busted later.
Clear evidence of a huge conspiracy by Dr Death and his evil den of colocated servers

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

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