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What to do… » Daytraders “exploit” flaw in trading algorithm
Home > American finance > Daytraders “exploit” flaw in trading algorithm

Daytraders “exploit” flaw in trading algorithm

October 16th, 2010

This is interesting. Apparently it is not OK if the small guys take advantage of a big guys faulty algorithms. Good to know since the markets are being manipulated on a second to second basis by HFT firms frontrunning and flash trading. We have to be careful so that our trades doesn’t make the computers trade badly, because it isn’t supposed to loose. If it does it is clearly because it was manipulated. Come on, this is ridiculous. Clearly the algorithm used wasn’t tested enough before being put in production. Thank the Norwegian guys for finding the flaws and fix them, don’t take legal action like a sore loser.

Check it out: http://www.computerworlduk.com/news/security/3244186/norwegian-traders-convicted-for-outsmarting-us-stock-broker-algorithm/

I hope my trades never “cheat” a big players software so I get sued too…

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