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Algos Gone Wild on the OSE By Steve on Jun 10, 2010 On June 1st during the first few minutes of the morning session at the Osaka Securities Exchange (OSE) a prop desk at Deutsche Securities sent several orders to sell the Nikkei 225 and the mini Nikkei 225 futures. These orders were “repeatedly sent to the exchange” by “an internal trading systems error” according to a press release issued by David Hyatt President & CEO of the firm. The statement continued “a limited number of orders [were] repeatedly sent”. However, according to a Bloomberg news release there were 980,000 orders sent. Read full article at http://www.asiaetrading.com/algos-gone-wild-on-the-ose/ [You can unsubscribe from this discussion group by sending a message to mailto:[email protected]] -- You received this message because you are subscribed to the Google Groups "Financial Information eXchange" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/fix-protocol?hl=en.
