4 ms·
When 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 t
by slymon99 3y ago
When 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.