$400M in assets to bankrupt in 45-minutes because of a failed deployment (2014)

Re:$400M in assets to bankrupt in 45-minutes because of a fa... by realreality on Sunday September 10, 2023 @04:24PM (#37459678)

The moral of the story is: don’t engage in dubious practices like high speed trading.

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Re:$400M in assets to bankrupt in 45-minutes because of a fa... by dexwiz on Sunday September 10, 2023 @04:38PM (#37459831)

They were market makers, which is different. They help so when you push sell on E*trade you actually get a price somewhat close to your order in relatively short time. No need to call up a broker who will route the order so a guy shouting on the floor.

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Re:$400M in assets to bankrupt in 45-minutes because of a fa... by tacker2000 on Sunday September 10, 2023 @04:30PM (#37459736)

How is high speed trading any more dubious than long term holding, or shorting, etc?

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Re:$400M in assets to bankrupt in 45-minutes because of a fa... by realreality on Sunday September 10, 2023 @06:55PM (#37460930)

It’s all dubious.

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Re:$400M in assets to bankrupt in 45-minutes because of a fa... by eddtests on Sunday September 10, 2023 @04:26PM (#37459698)

And remove easy/quick liquidity for the rest of the market?

Edit: downvotes, any reason why? Or just HFT == Bad?

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Re:$400M in assets to bankrupt in 45-minutes because of a fa... by realreality on Sunday September 10, 2023 @06:56PM (#37460933)

“The market” shouldn’t even exist.

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Re:$400M in assets to bankrupt in 45-minutes because of a fa... by TheAlchemist on Sunday September 10, 2023 @08:41PM (#37461528)

And how would you invest in companies ?

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Re:$400M in assets to bankrupt in 45-minutes because of a fa... by eddtests on Monday September 11, 2023 @02:00AM (#37463426)

What should replace it?

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Re:$400M in assets to bankrupt in 45-minutes because of a fa... by alphanullmeric on Sunday September 10, 2023 @04:32PM (#37459769)

good to know that you don’t consent to what other people do with their money.

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Re:$400M in assets to bankrupt in 45-minutes because of a fa... by pxmpxm on Sunday September 10, 2023 @09:21PM (#37461756)

Tell me you learned about finance from youtube without telling me ..

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