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To: blam

Karl Denninger wants the exchanges to require any order placed to remain valid for two seconds. That would instantly stop this nonsense - but some powerful people would be inconvenienced.


5 posted on 10/08/2012 2:34:55 PM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
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To: Mr. Jeeves
Karl Denninger wants the exchanges to require any order placed to remain valid for two seconds.

I'm 100% for this. I'd also institute a per share penalty fee for orders placed and then withdrawn. Doesn't need to be much but it would eliminate fake orders placed to shape the market.

16 posted on 10/08/2012 2:53:49 PM PDT by Paine in the Neck (Socialism consumes everything)
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