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A comment on HFT in my Backyard – IV.

Re:HFT in my Backyard – IV by smcl on Monday November 03, 2014 @04:05PM (#8553485)
This is a fascinating read, particularly because a few familiar names pop up...

>> (Knight collapsed on August 1, 2012 because of a little problem with one of their smart order routers)

No kidding :) For anyone interested in a good breakdown of this, Nanex has a pretty good one @ http://www.nanex.net/aqck2/3525.html

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Re:HFT in my Backyard – IV by bwhite on Monday November 03, 2014 @04:12PM (#8553546)
The SEC proceeding on this [0] is quite readable and goes into some technical detail as to what exactly went wrong.

[0] http://www.sec.gov/litigation/admin/2013/34-70694.pdf

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