manwithplan

11 ms·

1. 1.▲
   by manwithplan 7y ago

   The Knight trading misbehavior bid the market up, not down. It didn't make its intraday lows until about 12:30 and the S&P500 never fell by more than 1%. Maybe if the puts were on Knight itself ...
2. 2.▲
   by manwithplan 7y ago

   I don't know precisely what the article means. The NYSE Retail Liquidity Program, which still exists, describes two categories of participants: member organizations (MOs) and liquidity providers (LPs). MOs have retail orders, which are
3. 3.▲
   by manwithplan 7y ago

   Cool story, didn't happen. There were no retail trading accounts at Knight. In fact, there was no outside money of any kind. The S&P500 fell about 0.75% on the day in question: a non-trivial decline, but not really remarkable. It w