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The information on Groklaw is not intended to constitute legal advice. While Mark is a lawyer and he has asked other lawyers and law students to contribute articles, all of these articles are offered to help educate, not to provide specific legal advice. They are not your lawyers.

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Nanex ~ 01-Aug-2012 ~ Knightmare on Wall Street | 189 comments | Create New Account
Comments belong to whoever posts them. Please notify us of inappropriate comments.
Nanex ~ 01-Aug-2012 ~ Knightmare on Wall Street
Authored by: Anonymous on Sunday, August 05 2012 @ 01:07 AM EDT
Thanks for that.

> NYSE started their new Retail Liquidity Price Improvement Program
> the very same day

So now Knight gonna blame NYSE?

[ Reply to This | Parent | # ]

Nanex ~ 01-Aug-2012 ~ Knightmare on Wall Street
Authored by: Anonymous on Sunday, August 05 2012 @ 05:58 AM EDT
You have managed to create an oscillator. A common fault in any ill-designed
servo system. With positive feedback, which you really can't avoid in a
computerized trading system where the made trades changes you input numbers, the
closer the loop gain comes to 1 the more undamped oscillation you get from any
input noise. With only one computerized trading system working in the market you
may by skill keep it stable, but with many systems affecting each other you will
get spurious synchronization and wild oscillations.....
The only cure is shutting down all computerized trading!

[ Reply to This | Parent | # ]

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