Talk:2010 flash crash/Archive 4
Latest comment: 6 years ago by 207.181.202.165 in topic False Claim?
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False Claim?
A sentence claims that "An HFT trader can benefit from the rule by placing a tiny order at an apparently beneficial price to other traders, but which alerts them to the existence of a large order and so they can snap up existing offers or bids to drive the price away from the large order, then filling the large order at a profit." This appears to be repeating the claim made by Michael Lewis in his book "Flash Boys", but if I recall correctly it was comprehensively debunked by Peter Kovak in his book "Flash Boys: Not So Fast". Furthermore, it's not clear how inclusion of this sentence or discussion of this topic is relevant to a specific discussion of the Flash Crash. --Chris-01 (talk) 18:57, 27 April 2017 (UTC)
- Yes, this is a claim debunked there and elsewhere. Furthermore, the sentence is jarring in how out-of-place it is in that paragraph. Removing it. 207.181.202.165 (talk) 07:52, 15 December 2017 (UTC)