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Most of exchanges and brokers have a dialog window “Looks like unusual order with high price impact - do you really want to execute yes/no” So definitely an UI
by miohtama 2y ago
Most of exchanges and brokers have a dialog window “Looks like unusual order with high price impact - do you really want to execute yes/no”
So definitely an UI issue.
- TacticalCoder 2y agoA "fat finger" of only 10x is not that much of a fat finger and may not be detected for it's probably nothing out of the ordinary compared to the brokerage account's size. The fat finger in TFA, however, is a quite bigger fat finger: $444 bn instead of $58m. That's 10 000x. That one is, indeed, a UI issue.
- miohtama 2y agoAlso on fat fingers everyone will find this hilarious https://thedailywtf.com/articles/Special-Delivery https://thedailywtf.com/articles/Special-Delivery
- gpderetta 2y agoThat's not just an UI issue, the backend system responsible of executing the order should have caught the out of limits order.
- thombat 2y agoExcept that apparently they had such warnings for individual trades, but the bundle was implemented as "for(trade in bundle) transact(trade)". Which design has a certain appeal, standing on the shoulders of the peculiar handling of each trade, but with the terrible flaw that the bundle is never considered in its totality.