Infinium Capital Management Faces Civil Charges for Algorithmic Oil Trading Mayhem

Discussion in 'Automated Trading' started by heech, Aug 25, 2010.

  1. heech


    I admit it, stuff like this keeps me up at nights.

  2. rwk


    This statement from the article is obviously untrue. The party most associated with the error is Infinium CEO and co-founder Charles Whitman. It's a blatant cover-up that engineers and developers quit or were fired. Infinium had inadequate controls in place, and that is always management's fault.
  3. agreed.

    it's amazing, the size of the shop, without a basic trade frequency check.
  4. Putting in a trap to detect sustained abnormally high freq order generation (which is indicative of an app locked in a loop) is really reeeeeeeally basic stuff.

    I am staggered...