![]() ![]() Though he also seems to have done similar things manually, to support the algorithm's efforts, or to stave off boredom while the algorithm did its thing. And that's a bit of a pain, so he programmed an algorithm to do it for him. But he had to keep constantly updating his orders to keep them a few ticks higher than the best offer, to make sure that he didn't accidentally sell any futures as the market moved. So probably he wouldn't sell any futures, since he wasn't offering the best price. The idea is that he would put in a big order to sell a whole bunch of futures at a price a few ticks higher than the best offer. Sarao was trading E-mini S&P 500 futures contracts, but he wanted a more convenient way to not trade them, so he e-mailed his FCM (futures commission merchant, i.e. This real-time strategy experience puts you squarely in control of counterterrorist forces and delivers a first look at tomorrows war. Hey look, they caught the guy who caused the flash crash of 2010! His name is Navinder Singh Sarao, and he lives in London and in 2009 he asked someone to help him build a spoofing robot: Act of War: Direct Action Ripped from todays headlines, Act of War: Direct Action is a frightening tale of suspense, international intrigue and geopolitical military conflict. ![]()
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