4 ms·
Pretty sure this is the initial analysis from 2010 - http://www.nanex.net/FlashCrash/FlashCrashAnalysis_LOD.html http://www.nanex.net/FlashCrash/FlashCrashAnaly
by jobu 11y ago
Pretty sure this is the initial analysis from 2010 - http://www.nanex.net/FlashCrash/FlashCrashAnalysis_LOD.html http://www.nanex.net/FlashCrash/FlashCrashAnalysis_LOD.html
"If the average or base quote rate is around 10,000/second, then it only takes an additional 10,000 quotes/second to reach the magic 20,000 quotes/seconds where a corresponding delay is seen in NYSE quote from CQS."
This seems like a bug related to system load, so a $5M seems pretty harsh unless they knowingly ignored the issue for the benefit of their high-paying CQS customers.
- Vraxx 11y agoI don't think it's really that harsh if you look at it as a bug in a critical system. Certain fields with safety critical systems (such as medical or aviation software) face similarly strict regulations and enforcement for the good of the public. It seems to me with that with the volume of money being affected by this system that the potential danger for faults in the software would be as high as potential damages from medical software or something similar.