|
PureBytes Links
Trading Reference Links
|
This isn't exactly on the thread's subject, but seems related
closely enough to be germaine.
One of my neighbors used to be a floor trader on the MATIF,
just before they went all-electronic. He keeps up with events
there more because he still has friends in Paris than for any
practical reason. One of them told him of an incident that
happened there sometime in the last few weeks. Seems they
had an order come through to sell 109 contracts just after 9:00
a.m. It got recorded as 100,009! You can imagine the result.
No one knew what had happened when my neighbor heard
about it a week or so ago, but it was looking like an obscure
software problem.
Kind of makes me wonder whether electronic trading is
really ready for prime time!
Owen Davies
|