3 ms·

> If real markets could get 1 hour behind in transaction processing because of a spike in volume it would be the end of capitalism as we know it. The Facebook

by dsrguru 14y ago

> If real markets could get 1 hour behind in transaction processing because of a spike in volume it would be the end of capitalism as we know it. The Facebook IPO was pretty damn similar and didn't end capitalism as we know it :)

alexchamberlain 14y ago
That was not a spike in volume, rather a rocket.
rtkwe 14y ago
It is hyperbole of course. Capitalism worked fine before split second trade resolution, but that happening in today's markets is a pretty big deal because a lot of people have gotten used to it. Also the Facebook IPO was isolated and shook/annoyed a lot of people it seemed. If that kind of thing happened regularly outside of huge IPOs I think NYSE would be in pretty bad shape.