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Technology Stocks : The *NEW* Frank Coluccio Technology Forum

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To: axial who wrote (30208)	7/11/2009 3:20:40 AM
From: axial	Read Replies (3) of 46821

Financial systemic risk, continued: "Gives new meaning to the term “mutually assured destruction?” Why Institutional Investors Should Be Concerned About High Frequency Traders themistrading.com --- "Many HFTs are hedge funds that enter their orders into the market through a “sponsored access” arrangement with a broker. Many of these arrangements do not have any pre-trade risk controls since these clients demand the fastest speed. Due to the fully electronic nature of the equity markets today, one keypunch error could wreak havoc. Nothing would be able to stop a market destroying order once the button was pressed." ...the so-called "Fat Finger" mistake. Jim

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