CME fines firms over excessive messaging

Discussion in 'Wall St. News' started by TraDaToR, Dec 22, 2014.

  1. TraDaToR

    TraDaToR

  2. I'm all for progress but 27k messages in 2 seconds isn't it.
    Would enjoy seeing the impact of new rules such as the requirement that orders remain "live" for a minimum time e.g. a second or two. Doesn't seem right that orders can come and go in less time than it takes for signals to travel from human brain to the mouse-finger.

    Suggest the world would be a better place all-round if the talent at tech-driven trading firms was (forcibly) redeployed to something else.
     
  3. these rules are already in place a long time ago. it's unfortunate these firms have software issues.