(Total Views: 312)
Posted On: 02/15/2017 12:50:33 AM
Post# of 72446
"affected only 2.6% of the orders" ONLY almost 3%? ? ? ? ONLY?
So, only about 3% of the orders, and they handle 35% of all volume So "only" about 1 in every 100 orders gets screwed. Any of us who trade more than 100 times are can count on it that we were personally screwed. And the chances are, people who trade less than that probably got screwed too.
1% of all orders in the U.S. market -- HUGE number.
"ONLY 2.6% of orders" -- "only"
Tell you what, let's see how the head of Citadel would like to have 99 blanks and 1 live bullet fired at him by a sharpshooter -- would he say it was unimportant because it was only 1% live rounds?
Quote:
Citadel, which handles about 35 percent of average daily equity volume in U.S.
So, only about 3% of the orders, and they handle 35% of all volume So "only" about 1 in every 100 orders gets screwed. Any of us who trade more than 100 times are can count on it that we were personally screwed. And the chances are, people who trade less than that probably got screwed too.
1% of all orders in the U.S. market -- HUGE number.
"ONLY 2.6% of orders" -- "only"
Tell you what, let's see how the head of Citadel would like to have 99 blanks and 1 live bullet fired at him by a sharpshooter -- would he say it was unimportant because it was only 1% live rounds?
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