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Citigroup may have caused 1000 point drop, probing rumor of erroneous trade

6 pointsby jfiabout 15 years ago

3 comments

blhackabout 15 years ago
Can somebody explain to me how this HFT stuff works? I mean...is there a stock exchange API? (That is a joke).<p>Aren't there actual real people executing these trades or is it really just computers?<p>If the latter...WTF!? D-:<p>Any links that explain this?
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andyleiabout 15 years ago
why are traders complaining about clearly mispriced stocks? if you see P&#38;G fall 40% on NO NEWS, there's a good chance that you're about to make a bunch of money, because the stock is going to rebound.<p>old school uncomputerized trading shops like Themis get their asses handed to them by faster, smarter algorithm developers, and have no choice but to get regulators to bail them out.
johnlabout 15 years ago
Accenture went from 41 to 0.04, back to 41 on twice the previous day's volume. I guess once the computers stop, the markets get thin really fast.