Glitch at New York Stock Exchange Throws Markets Into Chaos

Flying Squid@lemmy.world to News@lemmy.world – 179 points –
Glitch at New York Stock Exchange Throws Markets Into Chaos
gizmodo.com
28

It seems all these glitches happen when a particular stock is halted. Whats the pattern here?

The pattern is they're making shit up.

Also, speaking from professional IT experience, there is no such thing as a glitch. (There always are things that occur and to be analysed and fixed, but the more critical the data is or the transactions are, the more robust things are built/done.)

"Glitch" is just the layman's catch-all term for a problem.

Thought a glitch is when a graphical interface bugs with artifacts and such.

Like “hacking.” The vast majority of breaches are accomplished by password acquisition or social engineering. Why try to break 128-bit AES encryption when I can see your dog’s name on every instagram post? The user is most commonly the weakest point in security.

Especially by these "laymen", which in fnancials absolutely know what they are doing.

Things definitely go wrong in production all the lmao, even critical systems can fail

Of course they do.

By bugs (self or dependency), negligence, wrong setup or architecture, for example.

Sell me all the frozen orange juice futures yall got!

Ironically, this would net them huge profit right now with the global shortage of orange juice happening.

If only we could see more of what happened to them in Coming to America happen to other traders...

Yeah, but they end up getting a bailout from a rich unknown benefactor.

Maybe they're scrambling to do something with GME because of DFV's post yesterday. lol

I really like the idea of random people causing chaos in the stock market. Fuggit I've got nothing to lose.

That glitch that discounts stock prices by a percentage?! What? Does that block of the code normally only discount a stock by a percentage under different circumstances?

You can invoke it with "speaker of the house" privileges.

I read somewhere that Berkshire Hathaway HFT algorithm was to blame for the "glitch".

HFT should be banned. If we're going to keep up this illusion of a stock market, at least make humans do it.

Wrong people lost money, it ain't no thing tho, they undid them trades today...

Clown fucking markets