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A comment on Nanex Gets $700k Whistleblower Award from SEC. Parent comment

Re:Nanex Gets $700k Whistleblower Award from SEC by forrestthewoods on Wednesday March 02, 2016 @02:10PM (#11212173)
Let's say that happens. The system checkpoints and everyone orders off those checkpoints.

What changes? What's the end result? How do normal people or society benefit? What would have to happen for the change to be declared a success. Conversely, what would have to happen for the change to be declared a failure?

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Re:Nanex Gets $700k Whistleblower Award from SEC by CyberDildonics on Wednesday March 02, 2016 @03:57PM (#11212949)
The benefit? People don't have their order front runned by algorithm which will sell it back to them at a slightly higher price, skimming money off the top to no one's benefit.
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Re:Nanex Gets $700k Whistleblower Award from SEC by tptacek on Wednesday March 02, 2016 @05:37PM (#11213610)
Can you explain in as much detail as possible exactly how algorithms are front-running people's orders? Can you do it with an example of a specific kind of order, preferably down to where exactly the order is being placed? Then we can dig into the specifics and evaluate the claim being made here.
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Re:Nanex Gets $700k Whistleblower Award from SEC by vecter on Wednesday March 02, 2016 @06:27PM (#11213919)
He can't, because he's wrong.
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