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johnnyqpublic

Registered: Mar 2010
Posts: 279

03-23-12 09:44 PM

http://www.thestreet.com/story/1146...hes-on-ipo.html

Anybody see that happen? First I've heard about it, but wasn't watching.

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EulerFourier

Registered: Feb 2012
Posts: 53

03-23-12 10:49 PM

What a joke!

http://www.zerohedge.com/news/skyne...o-flash-crashes

http://www.bloomberg.com/news/2012-...k-rebounds.html

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peilthetraveler

Registered: Jun 2005
Posts: 7056

03-23-12 10:58 PM

Quote from EulerFourier:

What a joke!

http://www.zerohedge.com/news/skyne...o-flash-crashes

http://www.bloomberg.com/news/2012-...k-rebounds.html

I like the part of the article that says "We note that there were some trades executed at $0.00!"

Then when you look at the comments section some guy says "glad i sold my shares at 0.00 before they went negative"

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syswizard

Registered: Jun 2004
Posts: 3606

03-24-12 12:23 AM

OMIGOSH - BATS actually caused this imbalance....this just from CNBC.

This is likely due to their POOR QUALITY SOFTWARE from cheap INDIAN OUTSOURCING.

What a story !!! They have now PAID THE PRICE. BATS is dead...who could trust them ???

Mariott Corporation did the same thing with a similar disasterous outcome:
http://www.thedenverchannel.com/new...287/detail.html

Everyone loves software outsourcing, but BOTTOMLINE:
The quality really, REALLY SUCKS !

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Grandluxe

Registered: Aug 2006
Posts: 2448

03-24-12 12:23 AM

yeah i had to use EDGX today

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bwolinsky

Registered: Jul 2008
Posts: 4547

03-24-12 01:57 AM

I'll be sure not to make these mistakes when my stock exchange opens.

Basically BATS is in Beta.

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