On September 15, 2011, beginning at 12:48:54.600, there was a time warp in the trading of Yahoo! (YHOO) stock. HFT has reached speeds faster than time itself. Up to 190 milliseconds into the future, or 0.19 fantaseconds is the record so far. It all happened in just over one second of trading, the evidence buried under an avalanche of about 19,000 quotations and 3,000 individual trade executions. The facts of the matter are indisputable. Based on official exchange timestamps, there is unmistakable proof that YHOO trades were executed on quotes that didn’t exist until 190 milliseconds later!
h/t Adrian
I’m investing in canned food. I know it won’t go down…..
If they keep this up someone is gonna push to tax stock trades.
Sounds like more than one server is involved, and the clocks are out of sync. Pretty funny though.
But I want to go back in time to buy Bre-X stock with an April 1, 1997 auto-sell date; not into the future to buy Yahoo!
Trade now. price shows up later. That makes it fair for everyone, right?
And they allow computer controlled trading because???
well, pffft.
that’s capitalism for ya !!!
little ol’ troll said “well, pffft. that’s capitalism for ya !!!”
Again, exhibiting a vast lack of understanding about what Capitalism is.
In Capitalism, you get what you pay for.
In Fascism, you pay and then one of Dear Leader’s cronies decides what you’re going to get.
In Socialism, you just pay.
This HFT event is none of the above. Its the aberrant behavior of a computer network under an overwhelming DDoS attack. Said attack is enabled by cronyism in the world wide markets.
And to think old Granny did ok just clipping coupons and buying Canada Savings Bonds!
Then again, she didn’t aspire to retire in the Caymens either…..
Even with all the pretty graphs, I still have a tough time with that time-space continuum thing. Is this like the money going out of my bank account faster that it comes in?
Looks like it’s happening again. 11:16 Roughrider time.