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It already was a dangerous scam app. The data on trades went straight to front running traders, so they could feed their algorithms and profit off your plans.
by spiderfarmer 6y ago
It already was a dangerous scam app. The data on trades went straight to front running traders, so they could feed their algorithms and profit off your plans.
- UweSchmidt 6y agoIs that actually true? I thought "frontrunning" was one of the fundamental things that is forbidden by stock trading regulation. Does it not apply when done with those new-fangled computers? https://en.wikipedia.org/wiki/Front_running https://en.wikipedia.org/wiki/Front_running
- rplnt 6y agoI mean, that's what you get for not paying for a service. It's a trade-off people knowingly took.