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Although HFT and other algorithmic traders are certainly prevalent in the markets and probably in this IPO, I think this flaw was elicited because of the unprec
by mooktrader 13y ago
Although HFT and other algorithmic traders are certainly prevalent in the markets and probably in this IPO, I think this flaw was elicited because of the unprecedented and overwhelming amount of non-professional human order flow.
There was a ton of buzz and participation in this IPO. The uncertainty around the opening process compounded the problem.