Trading Horse racing : The fat fingers thread

The sport of kings.
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Tuco
Posts: 324
Joined: Wed Apr 15, 2009 1:43 pm

Wed Jul 29, 2020 9:05 pm

Euler wrote:
Wed Jul 29, 2020 7:54 pm
The book is a good read / listen if you have done that yet.
...what's the name of the book Peter?

I had a glance the other night and there seemed to be a few - TIA.


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ShaunWhite
Posts: 5971
Joined: Sat Sep 03, 2016 3:42 am

Wed Jul 29, 2020 10:38 pm

Tuco wrote:
Wed Jul 29, 2020 6:29 pm
I'd be interested in hearing others view on the above flash crash. In my opinion Navinder Singh Sarao did nothing wrong - in fact if he managed to get automated bots to crash the price and he was able to exploit the crash by buying at a low price and selling a few minutes later at a much higher price, well done that man - I say fair play to him. All prices are artificial and manipulated anyway, so who knows what the 'correct' price of any stock really is.
My opinion is he's a pain in the arse. The stock market seems like a world that doesn't affect us but he can keep his spoofing mitts off my pension and the state pension funds that are spread around various instituations to minimise risk. "who knows what the 'correct' price of any stock really is.", very clearly defined and established formulas around their capital, assets, order books, and analysts pouring over company accounts for days. And it's because of people like him that the institutions had to spend time and money implementing safety valves and agreements to terminate trading on excessive movements. These selfish greedy flash crashes benefit one person, the clown doing it and the rest of us have to pay for it because that money comes from our investments one one way or another. Rant over :)

Emmson
Posts: 1422
Joined: Mon Feb 29, 2016 6:47 pm

Sat Aug 01, 2020 8:08 pm

Not the nags but someone made a catastrophic fat finger error on the cricket not many mins ago, nothing dramatic happened on the game at that point.
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Emmson
Posts: 1422
Joined: Mon Feb 29, 2016 6:47 pm

Sat Aug 01, 2020 8:18 pm

Actually no idea what happened as no great amounts were matched at crazy prices.

eightbo
Posts: 1579
Joined: Sun May 17, 2015 8:19 pm
Location: Barcelona

Sun Aug 02, 2020 2:39 am

Need the vol. at 1.4-1.6 to see just how fat, looks big though

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