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That's not what the article says. It said that trades occurred at the crashed price (and that's the common definition of 'price' when covering trades)
by kasey_junk 9y ago
That's not what the article says. It said that trades occurred at the crashed price (and that's the common definition of 'price' when covering trades)
- jstanley 9y agoHe means the resting asks did not drop that low, only the resting bids.
- kasey_junk 9y agoThe resting visible asks. Clearly if the exchange matching engine was working properly there were asks that low (in the form of stops). That's pretty typical in crashes.
- fivestar 9y agoThe Ponzi will now reel in the suckers.