Re:How the Flash Crash Trader’s $50M Fortune Vanished
by kolbe on Friday February 10, 2017 @05:57PM
(#13619664)
this is not an accurate analogy. a spoofer's order is legitimate. if someone buys or sells it, the spoofer made a transaction.
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Re:How the Flash Crash Trader’s $50M Fortune Vanished
by rrrrsss99 on Friday February 10, 2017 @10:52PM
(#13620901)
No, only one order was legitimate. They placed an ask at the top level and then placed 3 bids below the top level. As soon as someone hit the ask, they cancelled the bids. The bids made it look like the market was going up. If the top level bid had been hit first, they still would have cancelled