3 ms·
If you sell stock to yourself... why even bother to go through the exchange? Why would the exchange even allow such trades?
by Devilboy 14y ago
If you sell stock to yourself... why even bother to go through the exchange? Why would the exchange even allow such trades?
- sp332 14y agoKnight has different programs running. It was handling >10% of all NYSE, so it must have been running a lot of servers. When the berserk algorithm wanted to buy or sell a stock where Knight was the only "market-maker", another Knight server would usually intercept the order after it had been posted on the exchange. Here's one way it might have happened: http://www.nanex.net/aqck2/3525.html http://www.nanex.net/aqck2/3525.html