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Non-Tech : Bid /Ask Spreads - Market Manipulation
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To: ---------- who wrote (164)10/26/1996 12:33:00 PM
From: Jeff Gibbons   of 308
 
Doug DeShong writes that EVERY FIRM manually checks orders entered by PC because "if there were no checks on your trades, any one of you could move the S&P."

I complained about this as regards 50% of the trades at e.Schwab.
Please explain to me why this check has to be MANUAL?

I have no argument with the trades being validated but I submit that the computers can not only do a faster job but a better job at this. People are slow and make mistakes. And accuracy and speed really matter. Automating the validation would not permit the scenario you suggest.
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