And under the regulation we might have been required to ask at minimum $120 for that stock when it was trading at $100. If the stock had a big day and rose to $200, Nasdaq would just raise our ask to $240, or whatever…
I worked at a market maker (owned by a bank) that handled around 8-10% of US stock trades. When things like the flash crash happened, the strategy was to stop anything automated, because the simple strategies had no way…
And under the regulation we might have been required to ask at minimum $120 for that stock when it was trading at $100. If the stock had a big day and rose to $200, Nasdaq would just raise our ask to $240, or whatever…
I worked at a market maker (owned by a bank) that handled around 8-10% of US stock trades. When things like the flash crash happened, the strategy was to stop anything automated, because the simple strategies had no way…