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> Sometime these algorithms break or are exploited. Often in spectacular disasters. Knight lost half a billion dollars in 30 seconds. Nobody reversed though, ev
by jgalt212 5y ago
> Sometime these algorithms break or are exploited. Often in spectacular disasters. Knight lost half a billion dollars in 30 seconds. Nobody reversed though, even though it was clear error.
This actually blew my mind. The exchanges bust trades all the time. I don't why they didn't do it in this case.