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Flying Squid@lemmy.world to News@lemmy.world · 1 year ago

Glitch at New York Stock Exchange Throws Markets Into Chaos

gizmodo.com

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Glitch at New York Stock Exchange Throws Markets Into Chaos

gizmodo.com

Flying Squid@lemmy.world to News@lemmy.world · 1 year ago
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Financial markets experienced the second technical glitch in less than a week on Monday morning. Premium stocks displayed prices at a 99 percent discount.
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  • 9tr6gyp3@lemmy.world
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    1 year ago

    It seems all these glitches happen when a particular stock is halted. Whats the pattern here?

    • Strider@lemmy.world
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      1 year ago

      The pattern is they’re making shit up.

      Also, speaking from professional IT experience, there is no such thing as a glitch. (There always are things that occur and to be analysed and fixed, but the more critical the data is or the transactions are, the more robust things are built/done.)

      • catloaf@lemm.ee
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        1 year ago

        “Glitch” is just the layman’s catch-all term for a problem.

        • disguy_ovahea@lemmy.world
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          1 year ago

          Like “hacking.” The vast majority of breaches are accomplished by password acquisition or social engineering. Why try to break 128-bit AES encryption when I can see your dog’s name on every instagram post? The user is most commonly the weakest point in security.

        • Strider@lemmy.world
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          1 year ago

          Especially by these “laymen”, which in fnancials absolutely know what they are doing.

  • Nobody@lemmy.world
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    1 year ago

    • CaptainSpaceman@lemmy.world
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      1 year ago

      Ook ook mutha fucka!

  • Tronn4@lemmy.world
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    1 year ago

    Sell me all the frozen orange juice futures yall got!

    • Tyfud@lemmy.world
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      2 months ago

      deleted by creator

      • Tronn4@lemmy.world
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        1 year ago

        • Flying Squid@lemmy.worldOP
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          1 year ago

          If only we could see more of what happened to them in Coming to America happen to other traders…

          • SynAcker@lemmy.world
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            1 year ago

            Yeah, but they end up getting a bailout from a rich unknown benefactor.

    • Ben Hur Horse Race@lemm.ee
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      1 year ago

      classic

  • maniii@lemmy.world
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    1 year ago

    I read somewhere that Berkshire Hathaway HFT algorithm was to blame for the “glitch”.

    • Flying Squid@lemmy.worldOP
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      1 year ago

      HFT should be banned. If we’re going to keep up this illusion of a stock market, at least make humans do it.

  • edric@lemm.ee
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    1 year ago

    Maybe they’re scrambling to do something with GME because of DFV’s post yesterday. lol

    • IchNichtenLichten@lemmy.world
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      1 year ago

      They’ve covered those calls they sold him, right?

  • Waldowal@lemmy.world
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    1 year ago

    That glitch that discounts stock prices by a percentage?! What? Does that block of the code normally only discount a stock by a percentage under different circumstances?

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