Fat Finger Of Fate

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Zerohedge: A Step By Step Guide How To Crash The Entire Market


7 Comments

Interesting comments following the article, but not being a financial trader, I don't understand half of it…

Supposedly one moderately rich person with one computer can crash an entire exchange?

What happens when a government with a team of "traders" decide to attack an exchange? Or a criminal gang decides to destroy an individual corporation? China has a lot of computer experts, and a lot of money to finance some market moves. Russia, Iran, even Burma and North Korea have more experts and more reources than some guy in Britain.

Any system this unstable needs to be stopped before it happens. Except they won't. Not until it all goes to hell. Why? Because the arbitragers, High Frequency Traders, and the Brokerage Houses are making too damned much money with the current system. After the national economy crashes and your retirement fund is wiped out, they might make changes. They might not, especially if the brokerage houses are not too badly hurt.

This guy could not crash the market with what he did. They are accusing him of this to make an example of what could happen to you if you engage in this type of market behaviour.

imagine a free market that is not backstopped by the Federal treasury. Eyes wide open.... fools

A free market without sales taxes and stupid regulations and red tape

I am reasonably sure that even with the proper codes I would be prevented from doing what this chap is reputed to have done.

All of this could easily be stopped. Just make the mandatory transaction time a bit longer. Cool things down to ten transactions per second, per customer. Poof, no more problems.

Funny how they don't do that.

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Recent Comments

  • The Phantom: All of this could easily be stopped. Just make the read more
  • oldwhiteguy: I am reasonably sure that even with the proper codes read more
  • Spurwing Plover: A free market without sales taxes and stupid regulations and read more
  • slap shot: imagine a free market that is not backstopped by the read more
  • northernont: This guy could not crash the market with what he read more
  • rd: Supposedly one moderately rich person with one computer can crash read more
  • pete: Interesting comments following the article, but not being a financial read more