Wow, this is could easily happen to an ETF that any of us is
trading. My first reaction is that that you leave yourself wide
open if you don't use limit orders. In a milisecond a market order
could get filled at some insane price, and then you would get to
fight about having it canceled and who knows how that might come
out. The fact that the SEC turns a blink eye to all this is
infuriating.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
HFT Algos manipulating ETFs
Posted by puma on 13th of Jun 2011 at 02:52 pm
Scary stuff
Wow, this is could easily happen to an ETF that any of us is trading. My first reaction is that that you leave yourself wide open if you don't use limit orders. In a milisecond a market order could get filled at some insane price, and then you would get to fight about having it canceled and who knows how that might come out. The fact that the SEC turns a blink eye to all this is infuriating.