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HPSHELTON

Programming, Privacy, Politics, Photography

May 6, 2010

Stock Plunge Raises Alarm on Algorithmic Trading →

Why is land close to the Wall Street Stock Exchange so expensive? Because being 100 feet closer to the exchange's switch means your computer can make micro-transactions faster, translating into millions of dollars in high-frequency trades. Those trades apparently caused havoc on the market again today, in one 10-minute stretch knocking the index down nearly 700 points and 900 at one point on the day, erasing over $1 trillion in equity values. NASDAQ and the NYSE are apparently canceling trades executed in that time frame pending an investigation.

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H. Parker Shelton

I'm just an ordinary thirty-something who's had some extraordinary opportunities. I graduated from Johns Hopkins University, work for Microsoft in Silicon Valley, code websites and applications, take the occasional photograph, and keep a constant eye on current events, politics, and technology. This blog is the best of what catches that eye.

 
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