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Until i see some details around the specific technical issue, outside of a "trading software upgrade", i'm still not convinced its a glitch. Also, was there an operational breakdown, since this went on for 45 min? Either way, if they go belly up, see ya!
They should come out with a stock exchange which does not allow automated trading - humans only allowed.
MAybe we need to get back to stock exchanges that actually handle the trades and get rid of all these so called "market makers", or should I call them market breakers. At least this time they screwed themselves over instead of us small timers.
Until i see some details around the specific technical issue, outside of a "trading software upgrade", i'm still not convinced its a glitch. Also, was there an operational breakdown, since this went on for 45 min? Either way, if they go belly up, see ya!
If it wasn't a glitch, what would you suggest as an alternative explanation? Sabotage perhaps? At any rate, those computers follow increasingly complex algorithms. I would imagine billions of pieces of data are being processes at a time. This is simply mind boggling to think about. If one goofy number comes up into the fry, who knows what could happen.
As for the 45 minutes it lasted... Well, that is a malfunction of man. Perhaps they put too much faith in their precious computer system???
If it wasn't a glitch, what would you suggest as an alternative explanation? Sabotage perhaps? At any rate, those computers follow increasingly complex algorithms. I would imagine billions of pieces of data are being processes at a time. This is simply mind boggling to think about. If one goofy number comes up into the fry, who knows what could happen.
As for the 45 minutes it lasted... Well, that is a malfunction of man. Perhaps they put too much faith in their precious computer system???
Malfunction of man definitely. 45 min is too long, especially in that space. Glitch to me is a smoke and mirrors catch-all term to directly the blame to technology. But if its because of bad coding, poor qa and regression, then its more of a human error or deficiency during development or production rollout. Yes, its complex, and mind boggling no doubt, but still human error.
Until i see some details around the specific technical issue, outside of a "trading software upgrade", i'm still not convinced its a glitch. Also, was there an operational breakdown, since this went on for 45 min?
It's hard not to be suspicious of a 45 minute "glitch." That's forever for Wall Street. Wall Streeters have proven themselves to be so dishonest that I wouldn't be surprised if the glitch was a well-calculated move. It's easy to hide behind high-frequency trading as an excuse.
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