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A comment on Reddit’s profane, greedy traders are shaking up the stock market. Parent comment

Re:Reddit’s profane, greedy traders are shaking up the stock... by maayank on Thursday February 27, 2020 @04:09AM (#22431797)
> Someone's just bought a $1000 call option on a stock that's currently $400? Automated trading systems will probably raise alerts on that stock since someone must know something for that to happen.

The trading system and its operators deserve whatever fate results from such a decision.

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Re:Reddit’s profane, greedy traders are shaking up the stock... by jacobush on Thursday February 27, 2020 @05:26AM (#22432133)
In Sweden someone was convicted for triggering such bots to do stupid things. Morale: if you are big player, you file a lawsuit. If you are a small player, you get convicted.

If your bots do "stupid things".

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Re:Reddit’s profane, greedy traders are shaking up the stock... by marvin on Thursday February 27, 2020 @06:05AM (#22432286)
Huh. In Norway they were acquitted. Same story. Seems like a significant difference in the law tradition.
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Re:Reddit’s profane, greedy traders are shaking up the stock... by lorenzfx on Thursday February 27, 2020 @07:06AM (#22432544)
Do you have more details?
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Re:Reddit’s profane, greedy traders are shaking up the stock... by jacobush on Thursday February 27, 2020 @09:10AM (#22433349)
Another case but similar: https://www.fokus.se/2016/02/robotdodaren/
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Re:Reddit’s profane, greedy traders are shaking up the stock... by pergadad on Thursday February 27, 2020 @05:06AM (#22432034)
But they make money anyway, it's the customers (pension funds) that lose...
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Re:Reddit’s profane, greedy traders are shaking up the stock... by kortilla on Thursday February 27, 2020 @04:27PM (#22438127)
No, that’s not how any of this works. Pension funds aren’t sitting in HFT systems.
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