Shi Lei of reporter of exercitation of Yang Kezhan of every classics reporter
What can 900 millisecond produce? Imagine you blink the time that eye institute needs. But it is namely between flint of this light produced by electricity, american electron trades business BATS preparation is long already new issue already bizarre however collapse dish.
Jing fetch 17 minutes
Do one's best trades with efficient and convenient electron match a system to call board button to hand in place and Nasidake (small gain) company of science and technology -- BATS, encountered god-given heavy blooper recently. As the United States electron of the 3rd big exchange trades operation business, BATS trades in his electron after the system makes mistake, its IPO used 900 millisecond only foudroyant collapse dish. At present faces so serious mistake, BATS not only cannot proceed IPO, also be buckled even employee stake to send by all. brass faucet
A what kind of process is the thing after all? " daily economy news " the reporter understands, in Zhou Wu of time of American the eastpart part in the morning 10 when 57 minutes, the high frequency electron of BATS trades the system appeared mistake. Should mark a price 542.8 dollars / when the apple appears on screen, the member that trade people instantaneous pop eye, because be only before one second,malic share price still is 598.37 dollars.
Malic share price is in short steeped fall inside 1 second 9.4% , such dropping speed trades in the company history on unprecedented. Trade according to American negotiable securities committee (SEC)2010 year the regulation that draft, because short Shi Bo is moved,be close to 10% , stock of the most popular brooch pins these 100 apples sparked instantly the mechanism of stock market fusing of SEC, malic stock is in the United States other trade in be being compelled on the system, break off a friendship easy 5 minutes.
11 when 2 minutes, malic answer card, share price is jumpy between 597~598 dollar, successional lay off after two shade line, drop an instant achieve 0.41% ; After 3 minutes, share price of indication apple of new York bourse was in firmly finally after be disturbed 595.81 dollars. That day, malic closing quotation drops 0.59% , make mistake finally period of time trades be able to cancel.
The apple has escaped to rob, the member that trade to BATS nevertheless, nightmare just just begins. Right now BATS trades the system is apparent already wrong, this system warning trades code initial " arrive from A BF " the stock trades produced software flaw (Bug) .
11 when 14 minutes, the IPO that BATS undertakes on him system appeared breathtaking one act: BATS share price fixes a price from IPO open quotation 15.25 dollars (relatively distribute value convert into money 4.6875% , press computation of open quotation price, BATS market prise is 726.6 million dollar about) instantaneous suffer a disastrous decline comes 0.04 dollars, drop 99.7% , market prise evaporates nearly 700 million dollar. BATS is new open hair is forced to cancel all right.
Without doubt, the system makes mistake is a serious blow BATS to. According to statistic of after the event of Zerohedge of guest of famous finance rich, of BATS steep fall the 900 millisecond when using, meantime altogether memory laptop toshiba produced 176 high frequency trade, it is among them in the system the appraise value that a company that the name is HFT still gives a 1E-5 dollars even.
BATS " alphabetical disaster "15 pin vga
Make place and the potential competitor that Na Sida captures as button, BATS held water in January 2006, the client includes bank of letter of Hua Qi, luck, beautiful Yin Meilin, Germany and Magendatong to wait for business of many 270 certificate and well-known company. The data shows, up to 2011 year end, BATS has the American negotiable securities o the most popular scooby costume f 11.3% to trade market share and the American negotiable securities of 3.1% share of period power market. This company gives in city financing at was being carried to SEC on May 13 l most popular selling t mobile prepaid cards ast year the application of 100 million dollar, trade code BATS. Magensitanli, Hua Qi and Swiss credit issue for this advocate bear sell business. In appear on the market after failure, 3 cast what face 7.1 million dollar soon bear sell a loss.
Senior estimation of the member that trade, BATS electron trades because IPO is brought about,the system makes mistake is trade the volume rises quickly, your system can'ts bear heavy burden be caused by. And American card inspect can point out, BATS system is in alphabetically servo implement (Server) processing trades, this makes other have " B-A-T-S " stock of these 4 abecedarian (if malic AAPL) gets,affect. American card inspect can express to will investigate the fact at BA the most popular memory card digital cameras TS collaboration, prevent an accident to happen again.
"After the IPO of BATS how terrible, a lot of people give out doubt: What can BATS do now? " DaveCummings of 5 BATS author makes mistake to the system last week first degrees are made openly response. DaveCummings expresses in statement, "Wrong meeting causes a loss, the company handles gravity this matter, offer to buckle employee stake hair, repair flaw. Repair flaw..
"The 6~7 in the past year, the software engine enough of BATS research and development matchs the order of billions of. " DaveCummings defends for the software of own company, "The new software that walks out of from the lab can encounter difficult problem always in reality. New system makes mistake is the haphazard that happens in the most awkward hour. Software flaw may be inside a week easily rehabilitate, and after repair, the company can cost number week to detect repeatedly these code. The company can cost number week to detect repeatedly these code..
What be worth to be carried nevertheless is, the gate of the opportunity may have been shut to BATS. Finance learns to teach J the best selling canon ef 15mm amesAngel to point out, (The system makes mistake) resembling is a plane in new line the crash when maiden boat takes off, after imagining someone else very hard, be opposite the scheduled flight that takes this company is interested.
Trade to the US stock system, chairman of district of the China before Nasidake is chief delegate and Asia-Pacific area chief inspector, currently hold the post ofNa Sida to capture stock market adviser Mr Lawrence Pan tells " daily economy news " , nasidake trades brooch pins the system says not be complete electron simply to trade system. In the design Na Sida overcomes an electron to trade platform carries a design on the head from time to tome. There are 21 test points in design carrying a layer on the head. These 21 test point are in charge of detecting respectively trade amount, trade code, trade 21 col such as business aptitude, in an attempt to is achieved trade 100% accurate without by accid the best selling memory laptop toshiba ent. Because trade,efficiency and accuracy rate are retrorse relation, when going after high speed so, trade testing system appears likely process designing problem. Nevertheless, lawrence Pan thinks, in prospective electron high frequency trading still is to trade the development direction of platform.
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