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I think the major mistake in your statement is that the billionaires would lose more than a few million. But yes, they have reversed trades when people take adv
by HWR_14 3y ago
I think the major mistake in your statement is that the billionaires would lose more than a few million. But yes, they have reversed trades when people take advantage of flaws in automated market-marking scripts.
- slymon99 3y agoWhen were trades reversed when a market maker had a bad algo? If you are doing market manipulation, sure, your trades might get reversed, but if someone wants to puke money across the tape it's absolutely legal to take it.
- HWR_14 3y agoI'm not able to find the story now, but there was a European (UK?) youngish person (teen?) who took advantage of bad market maker code to make hundreds of thousands. Those trades were reversed. The trades were under US jurisdiction.