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Started By
Message
re: Mt. Gox 'throttles' trading to tame bitcoin price swings
Posted on 4/22/13 at 5:36 pm to Vols&Shaft83
Posted on 4/22/13 at 5:36 pm to Vols&Shaft83
quote:
If the NYSE pulled this kind of bullshite, people would go to jail.
You should WARN them before they're carted off to jail.
quote:
Supercomputers could track ultrafast trading across the nation's many markets and allow regulators to impose rules that might slow down the market and head off a repeat of the May 2010 "flash crash" — or worse economic meltdowns.
quote:
It would be like a NASCAR race yellow flag warning drivers to slow down, scientists say.
quote:
Regulators with weak and incompatible computer systems have set safeguards. One uses shutdown switches — "circuit breakers" — to halt all trading. A second, called "limit up, limit down," cancels trades outside a normal price range.
3
Posted on 4/22/13 at 5:39 pm to gizmoflak
quote:
You should WARN them before they're carted off to jail.
Posted on 4/22/13 at 5:53 pm to gizmoflak
quote:
You should WARN them before they're carted off to jail.
So, what exactly in that article refutes my statement?
NYSE shuts down, they better have a damn good, verifiable reason to do so; Because the regulatory authorities (not to mention the major financial media) will be crawling up their arse with a microscope in a matter of seconds. Mt.Gox shuts down, they claim DDOS attacks, which no regulatory authority CURRENTLY has to verify.
This post was edited on 4/22/13 at 5:54 pm
Posted on 4/22/13 at 6:35 pm to gizmoflak
So you think the NYSE slowing or stopping trading resulting from an obvious computer malfunction or human error is exactly the same thing as MtGox slowing or stopping trading simply because they don't like or agree with the valid orders their customers are submitting?
And wiki is so stupid he doesn't undertand the difference either......
ETA: And there is NOTHING in the link you provided which says the NYSE has adopted any rules utilizing the technology described in the article to track large, high frequency trading imbalances. It only says the technology is becoming possible. You double fail.
And wiki is so stupid he doesn't undertand the difference either......
ETA: And there is NOTHING in the link you provided which says the NYSE has adopted any rules utilizing the technology described in the article to track large, high frequency trading imbalances. It only says the technology is becoming possible. You double fail.
This post was edited on 4/22/13 at 6:59 pm
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