Who would have guessed a magazine for scientists would be reporting about a market crash, but with so much equity and listed derivatives trading driven by algorithms and trading strategies designed by scientists the connection is not as far as it may seem. Algorithmic trading is well established, but the speed at which trades are […]
Tag: May 6
'Stub Quoting' Helps Explain Last Thursday's Penny Prices (Wall Street Journal)
Everyone is still trying to understand what happened on May 6. Stub quoting was certainly not the overall cause, but might help to explain why a few stocks went to a penny. “If we end up with the trading curbs across all the trading exchanges that have been discussed, it would make this become a […]