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The irony here is he screwed up the HFT algos and that's what caused the flash crash. There is no way his bankroll was to blame. Poor guy beats them at their ow
by jonknee 10y ago
The irony here is he screwed up the HFT algos and that's what caused the flash crash. There is no way his bankroll was to blame. Poor guy beats them at their own game and then gets thrown to the wolves.
- downandout 10y agoThis is the only fascinating aspect of the whole thing IMO. If one technique can be used to manipulate HFT algorithms to this degree, there have to be others that aren't illegal. If they are this simple to manipulate, you could make a fortune.
- pavel_lishin 10y agoOr techniques that are illegal that could be used by people who care more about harming the stock market than they do about making a profit.
- r_smart 10y agoAny technique that produces these results will be made illegal, unless you're in a position already to keep it from being so.