Thanks for the link Carzee it's an informative read.
I see there have been another case of errant orders for Boeing cancelled by NYSE/Nasdaq in yesterdays trade. Boeing were pushed down 44%. Luckily it was before the markets opened (7:14am).
On the one hand it is ok to cancel orders, like the May 6 debacle, I think is usually too late to stop the ripple effect running through the market.
In the same article it describes 'Three equity orders that pushed Washington Post Co. shares up 99 percent in less than one second on June 16'.
Whilst it says that Obama admin is taking the US markets to task to make them more transparent and fair it will be a big ask to monitor the cunning ways of the manipulators.
Let's hope the administrators in Oz get the regulations right before we get another exchange here.
