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They were probably worth much more than $400M before the failure so it was a good investment opportunity. They would have been a money printing machine aside fr
by xcv123 3y ago
They were probably worth much more than $400M before the failure so it was a good investment opportunity. They would have been a money printing machine aside from this one major fuckup.
- nly 3y agoTheir IP (proprietary trading algos) etc were probably worth a lot at the time. These days probably not so. I wouldn't imagine there are any market makers left in NYSE and NASDAQ who aren't deploying FPGAs to gain a speed edge.