Looking for Info/Threads on Auto Trading&Data Errors

Discussion in 'Data Sets and Feeds' started by EqtTrdr, Feb 19, 2006.

  1. How do you make your Auto system guard against any "fat finger" type trades or bad prints?

    I was searching the forums but unable to find anything.

    Please let me know your feelings on this issue and if there are any prior threads on this topic!!

    Thanks a bunch!
     
  2. Here is a thread on stuck quotes

    In general, I've never had a single "fat fingered" quote on any feed.. many times a day though, the best gets deleted and i dont receive the new best quote for another second or so and it creates a spurious outlier somtimes 50 cents fro the best and is immediately fixed.

    A simple filter th remove any quotes that jump some threshold above the last is fine for that.

     
  3. maxpi

    maxpi

    Basically you probably want to look for a confirming tick before firing off an order.