Tuesday, April 28, 2015

Flash Crash and justice

However, given the prevalence of similar and even more morally dubious practices in single-stock world, it is bemusing to say the least that the only entity to be arrested (to Macro Man's knowledge, at least) is a small-fry punter who conveniently happens to be a foreign national. No mention at all has been made of the HFT algos, for whom spamming phony orders and front-running is a (very profitable) way of life.
What a joke.

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