4 ms·
It’s nice to see your perspective as someone familiar with better systems. I have always found this story fascinating; in my junior days I worked at a relative
by mpeg 3y ago
It’s nice to see your perspective as someone familiar with better systems.
I have always found this story fascinating; in my junior days I worked at a relatively big adtech platform (ie billions of impressions per day) and as cowboy as we were about lots of things, all our systems always had kill switches that could stop spending money and I could have pulled them with minimal red tape if I suspected something was wrong.
And this was for a platform where our max loss for an hour would have hurt but not killed the business (maybe a six figure loss), I can’t imagine not having layers of risk management systems in HFT software.