Chaos Theory: update on Bloomberg

August 1, 2012 § Leave a comment

Re. entry from yesterday. Bloomberg says:

http://www.bloomberg.com/news/2012-08-01/swings-in-small-cap-stocks-spur-speculation-on-computer-trading.html

“Nasdaq OMX Group Inc. said in an e-mail that it is investigating “potentially erroneous” transactions.

NYSE employees took steps to stabilize individual stocks when unusual patterns materialized, Jason Weisberg, head of institutional trading for Seaport Securities Corp., said in a telephone interview from the exchange.

“Things were always calm,” Weisberg said. “When the price dislocations were popping up all over the room, exchange officials picked up on the anomalies and put the brakes on. It was happening so frequently and simultaneously they didn’t catch everything, but they caught most very fast.”

Don’t believe them….

 

 

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What’s this?

You are currently reading Chaos Theory: update on Bloomberg at Secret Banker.

meta

%d bloggers like this: