nasdaq canceling certain trades now

[radon]

right........

http://www.reuters.com/article/idUSTRE6456QB20100506

[blazespinnaker]

Re: nasdaq canceling certain trades now

I wonder if we'll ever find out who benefits from this.

[Adeptus]

Re: nasdaq canceling certain trades now

The NYSE is reversing some trades too, like the ones in the screenshot below.

Imagine being one of the guys that made those 100 share BUY trades today at 1 CENT, then watching your stock rocket 40,000% in a matter of minutes... Then later watching NYSE COO reverse your winnings. Talk about nervous breakdown. Man, I would been hella pissed! hehe

[Adeptus]

Re: nasdaq canceling certain trades now

Mark's warning to the government: Fix this HFT BS now or we'll get a global SHTF !!!

VIDEO: http://www.cnbc.com/id/15840232?video=1487183693&play=1

[radon]

Re: nasdaq canceling certain trades now

The NYSE is reversing some trades too, like the ones in the screenshot below.

Imagine being one of the guys that made those 100 share BUY trades today at 1 CENT, then watching your stock rocket 40,000% in a matter of minutes... Then later watching NYSE COO reverse your winnings. Talk about nervous breakdown. Man, I would hella pissed too! hehe

Yeah, or the fellow who had the other side.

Dear NASDAQ santa,

I have been a very good boy this year. Please rollback my bad trades.

Sincerely,
Goldman Sachs

PS XXXOOO

[thriftyandboringinohio]

Re: nasdaq canceling certain trades now

Finster, you was ROBBED!

[chr5648]

Re: nasdaq canceling certain trades now

Without a clear investigation and exact reasons with transparency in the public domain, reversing the trades could set a bad/wrong precedent which could back fire in the future. (AKA 2008 Bailouts).

[pescamaaan]

Re: nasdaq canceling certain trades now

Without a clear investigation and exact reasons with transparency in the public domain, reversing the trades could set a bad/wrong precedent which could back fire in the future. (AKA 2008 Bailouts).

i agree wholeheartedly - we still don't know what happened. the nasdaq cancelling trades without an explanation as to why (and why they chose 60%) is odd. also, immediately blaming the high frequency guys is also misdirected - we don't know if they're to blame yet.

in the CNBC link Mr. Fisher states that crude was closed at 2:30pm - CME shows crude trades until 5pm CT:

http://www.cmegroup.com/trading/ener...fications.html

[lb]

Re: nasdaq canceling certain trades now

also, immediately blaming the high frequency guys is also misdirected - we don't know if they're to blame yet.

Like anyone else was in the casino?