Friday, April 24, 2015

Market regulators arrested the wrong Bot

Zero Hedge complaining about Bot inequality
Nav Sarao gets arrested because his bot was smarter than the HFT bots. The regulators somehow have decided that some High Frequency Trading bots should get some sort of affirmative action while others are too 'white' I guess.  One of those things. 

Zero Hedge has been bitching about this for some time. And when some HFT bots lose money, the regulators have turned back time and reverse the trades. But when Nav's bot does well, he gets arrested!

No comments: