Nanex Gets $700k Whistleblower Award from SEC

Re:Nanex Gets $700k Whistleblower Award from SEC by biot on Wednesday March 02, 2016 @12:53PM (#11211629)

Your summary is incorrect; the 30 second delay was six years ago and was caused by selling access to real-time data vs delaying the data for the public. Quote stuffing resulted in delays of hundreds of milliseconds:

  > Once again, we detected sizable delays between time-stamps
  > in the public quote and Open Book. These delays ranged in
  > the hundreds of milliseconds. Though the delay magnitude was
  > far lower than the tens of seconds discovered during the flash
  > crash, it was still hundreds of times higher than expected.

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Re:Nanex Gets $700k Whistleblower Award from SEC by reverend_gonzo on Wednesday March 02, 2016 @01:09PM (#11211733)

Regular quote stuffing generally delayed by hundreds of milliseconds, which is a pretty bad sign regarding their infrastructure.

The 30 second delay was only during the flash crash. For an aggregate feed that's not aggregating very efficiently, that would make sense, as there was an abnormally high amount of volume during the crash.

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