4 ms·

> Someone's just bought a $1000 call option on a stock that's currently $400? Automated trading systems will probably raise alerts on that stock since someone m

> Someone's just bought a $1000 call option on a stock that's currently $400? Automated trading systems will probably raise alerts on that stock since someone must know something for that to happen. The trading system and its operators deserve whatever fate results from such a decision.

pergadad 7y ago
But they make money anyway, it's the customers (pension funds) that lose...
- kortilla 7y ago
  No, that’s not how any of this works. Pension funds aren’t sitting in HFT systems.
jacobush 7y ago
In Sweden someone was convicted for triggering such bots to do stupid things. Morale: if you are big player, you file a lawsuit. If you are a small player, you get convicted. If your bots do "stupid things".
- marvin 7y ago
  Huh. In Norway they were acquitted. Same story. Seems like a significant difference in the law tradition.
- lorenzfx 7y ago
  Do you have more details?
  - jacobush 7y ago
    Another case but similar: https://www.fokus.se/2016/02/robotdodaren/ https://www.fokus.se/2016/02/robotdodaren/
- deleted 7y ago
  [deleted]