Re:Amazon Accidentally Sold $13k Camera Gear for $100 on Pri...
by phkahler on Wednesday July 17, 2019 @08:59PM
(#20465639)
More comparable, if you write code for high speed trading algorithms and something goes wrong, nobody will roll back your transactions. This is a matter of size and connections though, but usually you've automated losses with no going back. Amazon seems to be somewhere in between.
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Re:Amazon Accidentally Sold $13k Camera Gear for $100 on Pri...
by ars on Wednesday July 17, 2019 @09:06PM
(#20465684)
> nobody will roll back your transactions
Yes they will: https://www.nasdaqtrader.com/Trader.aspx?id=ClearlyErroneous
Re:Amazon Accidentally Sold $13k Camera Gear for $100 on Pri...
by gandutraveler on Thursday July 18, 2019 @02:48AM
(#20467387)
Not if it's a OTC transaction like FX markets. I worked in FX industry and there have been several occasions where due to pricing engine error or trading platform error one party was able to profit.