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Mysterious Algorithm Was 4% of Trading Activity Last Week
Ms Sans Serif
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[quote:Anonymous Coward 10463447:MV8yMDExOTcxXzMzODEwMTM3X0ZDRUU3RkQ0] ..& no body remembers the 'missing' software from Lehman Brother's fire-sale in 2008, 16 trillion dollars is 'missing' from the fed's ledgers.. now there's a 'Mysterious' algorithm. my ass.! They know exactly what's propping everything up, the entire cluster-fuck is on auto-pilot.. didn't Iran take a 40% currency clip last week, do you really think humans can eat paper that fast. There's no 'Mystery' here people.. they know exactly what's happening & they don't even care any more if we're watching. [/quote]
... am not in the stock market BUT this doesn't sound good ...
... "testing" for a BIGGER event? ...
link to www.cnbc.com
The program placed orders in 25-millisecond bursts involving about 500 stocks, according to Nanex, a market data firm. The algorithm never executed a single trade, and it abruptly ended at about 10:30 a.m. Friday.
The scariest part of this single program was that its millions of quotes accounted for 10 percent of the bandwidth that is allowed for trading on any given day, according to Nanex. (The size of the bandwidth pipe is determined by a group made up of the exchanges called the Consolidated Quote System.)
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