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Today's Black Gold Swan - Presenting The Reason Why The CME's Crude Market Was Halted For Over One Hour
Earlier today, we reported on the extended halt of the CME Globex crude market, which following an errant trading pattern, did not quite crash, but did the next best thing - go offline for a full 75 minutes. Why did this happen? Our initial speculation was that this "may have been an algo gone berserk in advance of what may or may not have been a block order.... Someone take quote stuffing a little too far today?" It turns out we were not too far off. Below is Nanex visualization of just what occurred in those seconds between 13:59:57 and 14:04:55 when "a blast of quotes corrupted a memory queue causing the software to believe the queue was full all the time." In other words just under two years after the May 2010 flash crash, another algo may have been the reason for the halt in one of the world's most important markets. At least this time there was no 10% "correction." How long until there is, and when it does happen again, will it be limited to just 10%? Oh, and whatever you do, most certainly don't expect this little incident to be brought up ever again by those in control, for any precautionary measure to be taken, or for the SEC to ever get involved. Any of those three would immediately imply something is very wrong with the market. And that's simply not allowed.
From Nanex:
NYMEX Black Swan ~ The March 2012 Crude Oil Futures Quote Loop
On February 13, 2012, starting 13:59:57, quotes for crude oil began queuing. At 14:00:35, all of the queued quotes were sent at once. Again at 14:01:08 the same 38 second block of quotes sent earlier was sent again -- old timestamps and all plus a few new quotes. Again at 14:01:18, all quotes since 13:59:57 were sent again. This repeated 12 times.
From a programmers perspective, it looks like a system problem caused a blast of quotes that corrupted a memory queue causing the software to believe the queue was full all the time.
Tick chart of bid prices (red) along with quote age (blue).
Note that as the cycle repeats, it includes a few more quotes (the new quotes + those since 13:59:57). There are 500 quotes between time axis labels.
500 millisecond chart of ETF U.S. Oil Fund (USO) showing massive quote traffic as it reacts to stale futures quotes.
500 millisecond chart of ETF U.S. Oil Fund (USO) showing massive trade executions in reaction to stale futures quotes.
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Crude got the ol' DDoS
Fuckin' broken markets.
$101 a barrel.
Are you that confident they'd know what to look for. LOL.
(1) How many times has this happened before but gone un-noticed? Maybe this time the corruption eventually took the system off line, but overflowing a buffer and writing into areas of memory being used by other parts of the program can have totaly unpredictable results.
(2) It looks like they need to do more HFT stress tests with their software. (But I'm sure they outsourced that to India where they are getting top notch Software Quality Assurance.)
(3) I saw someone mention something about Java and garbagecollection. This is probably high performance code. It might not even be written in C, it could be machine language. Machine language is still used where super high performance is needed (like certain parts of device drivesrs).
Remember that guy Sergey Aleynikov? The guy accused of "stealing" the code GS uses (used to) trade with (even though he designed it)?
http://www.bloomberg.com/news/2010-12-10/ex-goldman-programmer-aleynikov-found-guilty-of-stealing-software-secrets.html
The same code Goldman Sachs admitted “The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways,” Facciponti said
http://articles.businessinsider.com/2009-07-07/wall_street/29963107_1_stock-market-worth-millions-code#ixzz1mJbbYhCz
That story died fast and we wonder why stuff like this happens in important markets like Crude Oil.
How about the Chinese man who stole Fed code?
http://www.reuters.com/article/2012/01/19/us-nyfed-theft-idUSTRE80H27L20120119
That's just the stuff that has made it to the press.
The peoples in terror, the leaders made the error
And now they can’t even look in the mirror
‘Cause we gotta suffer while things get rougher
And that’s the reason why we got to get tougher
To learn from the past and work for the future
And don’t be a slave to no computer
The next FUBAR day - which we have only had one of since 2010, is going to cause galacticically large damage to many, many participants in these hopelessly rigged, broken markets.
I literally can't wait until the faux bulls of the sell-side propaganda get a chance to appear on financial specials and explain to the investing public why they have nothing to fear, should remain calm, and that all we be well over the intermediate rather than near term.
The amount of leverage in these insanely low volume markets (especially equity markets), coupled with the quality of the assets and competence of the managers of those asset portfolios underlying that leverage is going to create another one of those days that lives in infamy shortly.
Oh, and the bondholders; how could I forget about holders of historically low yielding bonds. They had better hope that about 24 nations and 500 publicly traded companies can keep yields on new issuances of their debt at or below the levels they're enjoying for a period that's quite close to their maturation.
Anyone participating in these markets with their own money is a complete and utter imbecile. Anyone participating in these markets with other people's money is....well...participating in these markets with other people's money.
excellent comment, it all comes back to "participating in these markets with other people's money."
though this applies to the majority of traders - look at the leverages
Hey Bob...
How's your APPL short working? Right before earnings, you said you were going short. Let me guess... had to hit the "reset" button on that one? That reset button sure is handy.
Max Fischer
I did short aapl....last year and with success. You can find the posts somewhere on my website as I have not the time nor the inclination to sort through them myself.
tradeonfire.blogspot.com
No. No. No. Bob. I'm not going to spend a second going through your stupid blog.
I'm referring to your AAPL short from a few weeks back, right before earnings. You posted on ZH that you were going short, and since then, its catapulted from ~$425 to ~$500.
Of all the stocks to short last year, AAPL was NOT one of them. In the past year, AAPL has moved from ~$300 to ~$500, so if you've shorted that stock with any success, I'd recommend you change your account from a fake one with a "reset" button to a real one. Quite frankly, I think you're a liar.
You must have me confused with another Bob. There are many Bobs floating around, if you can get the comment you're referring to I'd like that. I stand up to the positions I make, people who know me here would tell you that.
I am looking at shorting aapl and I made this post just for you Max:
http://tradeonfire.blogspot.com/2012/02/aapl-without-comment.html
You a buyer here or what?
...I just may short the FUCK out of AAPL but if I do, my blog would be the first place to check. It's sooooooooooooooo tempting looking at that chart.
tulip bulbs
"Quite frankly, I think you're a liar."
That's quite the slice of ironic pie there bubba.
The reality here is that Bob once not too long ago, pantsed himself. Pantsed is a word. You can look it up. Max remembers.
In Bob's defence, I will say that he comes up with some good posts some times, like one above on this thread.
spot on
Max Fischer you are a destructive personality for a trading chat site if this post is any indication of your work. You must be losing money as witnessed by your need to attack other traders rather than give positive counsel. Nobody makes perfect calls, as such by all seasoned traders it is expected to take small losses on the road to large gains. You however are badgering another trader for making a call against a stock in a parabolic move. That is a high risk high reward play but one that one should Not become ego identified with at all. It is this type of badgering that you are pushing that can trick a trader into making bad moves due to ego identifying with the trade. Currently you appear to be nothing but a spoiled little boy striking out at others for petty reasons but with dangerous pot'l consequences for all. Grow up or go hire a shrink to help you with your issues.
Vegas is so much safer and much better odds. No wonder the volume is drying up.
Hybrid ASM, ladies.
You're right, there is no way HFT is written in Java. It's waaay too slow. This has to be written in Assembly Language. It will probably turn out to be a buffer overflow problem. HAHAHA!
I used to program the IBM 360 in Assembly Language back in the 1960's. Often times the bug was buffer overflow. I couldn't believe some asshole didn't code this properly back then. But it still goes on today.
I strongly doubt assembly language was used. Not that many people remember how to do complex apps in it any more. You, me a few others. Most folks these days have a hard time figuring out how to use it even in drivers.
I'm thinking C, full optimization, a Linux distro stripped of a lot of bloat, on a VERY non-standard machine with very non-standard internet bandwidth. DNS cache locks as well, so there is no lookup time. Crays use(d) Unix, so it can be made to run pretty fast.
For a real trip down memory lane-
"There are two things a man must do before his life is done-
Write two lines in APL, and make the buggers run."
never know; could be proprietary. Some shit is still in AL. Linux is what the big supercomps are using now.
Check yourself before you wreck yourself
Most quant/htf firm job ad's want extensive C++ background, but more importantly intense maths, more than one job posting I've seen said they run Red Hat.
Maybe, but the software in question was NOT hft algos (i.e. the clients), but the server software of the exchanges, that let HFTs send orders to them.
This is a one-to-many scenario..... the HFT algos could be written in python, and still be fast enough for HFT-resolution.... the server on the other hand, it has be really fast at handling incoming requests.
Noteworthy is that in this case, the server doesn't need to do much computation.... it mostly just has to store incoming data, and send the very same data out. Thus, the requirements are mostly one of fast data transport and storage: You don't need ASM for that - C should work fine.... you do however need really fast datastructs (fast methods to organize data), fast memory and most importantly fast interconnects to the clients on which the HFT-algos run.
So they probably use something like memcached for the server.
And "probably" it's MS DOS 6.0! As others have said, the client side compute stuff is a different system from the system that places orders and ticker farms that receive data feeds. The Internet is full of detailed information of how that works. And probably there's no memcached in there. As TFA says, they overwhelmed the queue. I'm not a fucking expert either, but if you design the system to be able to handle X trades or bids/asks per second, then you allocate that much resources (or maye 100 or 200% more, to be able to deal with irregularities). But then you get these maniacs who send 1000% more requests and of course the system choked. Regarding other comments whether HFT should be banned, I disagree. IIRC last year one of ZH articles (or a comment) said exchanges can (could) limit per-participant data inflow and price it accordingly, similar to traffic congestion charges. In this particular case the system couldn't do that so they allowed to be overloaded. They should spend more money to build a better and bigger system, or introduce congestion charges, or kick this HFT shop from their exchange. There's no need for the government to regulate this as the only result would be HFTs would invent some other new trick (or switch to dark pools) and because of compliance and other overheads transaction costs would increase for regular traders. Screw that. As for claims of price manipulation, I tend to believe they do that, but that too is OK as long as we know what they're up to. You change your trading style (or maybe stop day trading) and that's it. Or a year or two later Amazon comes with a $1/day HFT platform for the average Joe and individual traders could write their own code/algos, use Amazon's templates or use/modify open source HFT alogos.
The government needs to ensure transparency and disclosure and that's about it (and since they can't even do that properly, why would we want them to try to do even more? The more they get involved, the worse it gets!). It makes more sense to push for complete transparency and disclosure and ask them to bugger off when it comes to the rest (including insider trading).
If it reaches metabolic states while conjoined without standard flux, can beam width social loci ever seem hardly satisficed? Haha!!! of course, jam discordant complexity with retrofitted clarity!
Its written in python
ha ha, how about cobalt
SNOBOL IV
ha ha, lisa
http://www.zerohedge.com/article/got-crazy-python-skillz-want-manipulate-markets-then-job-you
It's COBOL.
Fail.
cool, is google fucking with anybody else, it keeps crashing my ie explorer, or am I drunk off my ass?
Probably either some IE plugin (BHO), or google once again toying with too much new webtech shit. Do they even remember anymore, how they as a search engine went to #1?
Monty or Burmese?
I'm confident they know what to look for. I'm also confident they know who is behind this manipulation/front running as well. I'm pretty sure these fellas are the same guys who buy our treasuries and who have gunned the futures nearly every day since the US debt was downgraded last year.
Games Without Frontiers - Peter Gabriel
http://www.youtube.com/watch?v=LKb9XQ39-zc (3:58)
Ray Charles isn't the only one who enjoyed playing with black boxes. Wall street is fascinated by the magic of investing in things opaque.
Why not just burn your money in the fireplace? You enjoy it twice, watching it burn and keeping you warm. And then you stay warm knowing you kept it out of the clutches of bankers.
Algos- its for people that think the lottery has too good of odds.
These markets are just waiting to blow up.
http://ronpaul2012blog.blogspot.com/
$10 a gallon regular unleaded by summer, mark my words
zero
Thanks for this extremely insightful and reliable tip!
I'm going to invest all my savings in oil futures!
The bitchez got the glitchez.
All your memory are belong to us!
and de bankerz gots all de richezzz.
This looks like a Cat Scan of the Greek finance minister's whacked fucking brain! It is full of goobly gook, dead brain cells and makes absolutely no sense!
But 'they' sure made sure USO gap'd up after the halt. Unblvabl
never a broken market if u run a fresh mkt manipulating algo in the last 30min's of trade.....just a coincidence.......ask infinium capital (a bunch of great lads who were fined 1mil for a small coincidence prob.).......was watching the episode unfold in carbon form this afternoon......very funny.......the algo boys need 2 sharpen the spears......sloppy and obvious.....not the hint of a great mind in the mix....this should b an easy one for cftc if anyone is awake.....xoxoxoxo
They work hard to convince us all that the markets obey rules. They've got millions studying market charts like astrologists study the astrological signs. They tell everyone that the markets return X(XX?)% annually since 1945, and that equities are the safest high yield investment around.
But it's all bull shit. The markets are an artificial construct that they control. And when the market does something they don't like, they change it. After all, it's their game, they make the rules. And when they feel like it they break those same rules.
no harm no foul?
no sense, no feeling?
err...
Slider: Crashed and burned! Huh, Mav?
Now so far, we have what appears to me to be a series of victimless crimes.
Corruption caught with it's pants down
but i couldn't see it in such short time... eh, nothing to see?
Corruption no longer has to wear pants...it just lets it all hang out - and everyone just pretends not to notice.
Corruption is a fat naked man with one foot in Wall Street and one in Washington D.C. and one hand in your wallet and the other one around your mouth so you can't scream.
Corruption, its whats for breakfast, every day.
Corruption, cause you can't spell Kapitalism without it.
Corruption is not a feature of capitalism, it is a feature of its Keynesian, farcical, Ponzi, feudo-socialist imitation in which we all are forced to live in.
Corruption...or incompetence? Or maybe it really doesn't make a difference...
STUXNET, BABY
nothing so sophisticated, algos don't use Siemens industrial control systems. just microsoft crap, though even Unix will take a dump if you program poorly, use bad hardware and have a buggy kernel.
Check out the lost chapter of the Rootkit Arsenal, if you know much about computers, he makes a compelling argument that our government has been rooted.
http://www.belowgotham.com/
thats a great link so thank you much....great comments also btw
Hinders
Futures
Trading
----
Hah,
Fucking
Technology
----
Hart
Fires
Tech staff
I can do this all day, hey - just like a broken algo!
In other words, just a temporary software glitch. Move along folks, everything's fine. Nothing to see here.
"I got eyes don't I....how am I not goin' to see somethin' like dat?"
http://www.youtube.com/watch?v=Kliy32YWFcU
That giant sucking sound is your brokerage account bering hoovered clean by the Goldielocks Algo. And you thought you were getting a blow job - oops, market hypnosis at work again ! Shucks, all your fucking money is belong to us, bitchez !!!!
well, the 'blow' part of 'blowjob' is really just a figure of speech...
It's unpossible - Java cannot have memory leaksez!!!! /s
but it haz teh garbage collectorz so iz okhey now
GC.Collect() Bitches!
I prefer deterministic finalization. But now that's just a barbaric relic, don't you know?
yeah, as I watch MYSQLWorkbench blow up to 1Gb...java is such a piece of crap. Was I the only guy that nulled refs at the end of methods?
Write once, test everywhere!
... So where is the memory leak? If a stack grows and then shrinks, the objects
that were popped off the stack will not be garbage collected, even if the program
using the stack has no more references to them. This is because the stack maintains
obsolete references to these objects. An obsolete reference is simply a reference
that will never be dereferenced again. In this case, any references outside of
the “active portion” of the element array are obsolete. The active portion consists
of the elements whose index is less than size.
Memory leaks in garbage-collected languages (more properly known as unintentional
object retentions) are insidious. If an object reference is unintentionally
retained, not only is that object excluded from garbage collection, but so too are
any objects referenced by that object, and so on. Even if only a few object references
are unintentionally retained, many, many objects may be prevented from
being garbage collected, with potentially large effects on performance.
Effective Java(Joshua Bloch) bitchez:))
Jed Clampett wants to know where he can get him one of them gizmos to make his oil worth more.
Was probably just a test run for the March market collapse.
Speakin' of Jed Clampett..."shootin' at some food" gonna be in vogue again big time pretty soon.
Sounds like a DoS attack to me.
"Let's try this and see what happens."
All-time greatest famous last words.
However I have a darker suspicion that it went like this: "Imma try this, you go watch that terminal and if spot goes up 10% in the next 3 minutes you sell the fuck out of it."
That's how you make money now.
That was what they said at Chernobyl.
In Chernobyl they said "Hey don't put your cigarette out in that socket."
They had much more fun than trading stupid futures.
At Chernobyl they traded their actual future for a burnt graphite pile and widespread radiation. Even the sheep in Scotland are radioactive now.
The Peter Principle applies to everything. We rise to our level of incomptence at which point we fail. Applies to nuclear engineers or software programmers or day traders.
You can count on one hand the number of people who quit at the top. The rest of us just ride the lumber into the saw blade.
On a long enough time line we're all zeros.
testing, testing
the crimex has excellent 'circuit breakers'
so, yes, the market was halted; just as it was in the last "flash crash" on the crimex; but only for a few minutes, if i remember correctly, during that debacle less than 2 years ago
then the orders re-aligned and the crimex went back on-line
they & the CFTC should report this out pretty fast, themselves, i would opine
this is routine, but lengthy; however, if the market gets outa whack, they don't start it again till they get orders which cross without insanity being the reason for the trade
in spite of it being the fuking crimex, it does not have a poor record in this respect, imo
that bottom chart seems to portray about 3 seconds of about a nickel's worth of bullshit on this contract, altho i won't try to 'teach' from any nanex thingy, if you don't mnd!
but, if that's close, even if there were "massive" trades, how many is that? listen: a trillion nickels is serious money, even to me. what are we talking, here?
i don't mind a slew of crimex-bashing innuendo myself, but if these shitheads did a fair job, here, let's not forget to acknowledge it
i can't tell from this, so, what the hell more can i say?
Hurry, send in the mechanic, obviously the machinery needs a couple of squirts of oil to make it flow more appropriately.
quick, queue up another celebrity death!
If they keep this up they'll run out of celebrities. I say we queue up some lottery winners instead and save the celebrities for some really important shit like invading Iran.
Nice avatar Au Shucks...is that the "I really gotta go" or the "nervous white boy" dance?
Party In The CIA (Parody of "Party In The U.S.A." by Mile...
http://www.youtube.com/watch?v=C-CG5w4YwOI (2:57)
The real fix to all this mess is to disallow HFT which the SEC will never do.
And suddenly expose that there really is no volume to speak of... and liquidity is the man behind the curtain rather than organic money flow. Yeah, it will never happen. HFT is part of the market/economy life support apparatus.
Its just pathetic to even see these charts
No, what is pathetic is that the CME is still open after the Corizide crime ring.
With all the saber rattling going on in the middle east and inflation, I doubt retail has ANY stop losses on their USO holdings. Nor for that matter intends to sell. They'll have to ramp it up another 50 bucks.
Is it just me. Isn't it just fukn wonderful how "the powers to be" want to driain every dollar they can out of America's poor by high-jacking the Oil Futures market and just bidding up the price to the moon so they can eat at the Four Seasons in NYC where dinner for two can cost 1,000 dollars. Not to mention the 600 dollar a bottle wines.
Bloomberg's favorite place to dine I hear.
did it ever occur to you that this shit could have been unintentional?!??!
Everyone should read the Peter Schiff interview with Jim Rickards. Someone should post it here. I was going to but then I didn't
Schiff is more bearish than Roubini these days, and that's saying something. Wasn't Schiff talking about hyperinflation last year? I'm thinking the world of probabilities is something like:
20% hyperinflation
50% really bad inflation (~15% - 30%)
15% normal inflation with no recovery (10% - 15% "true" inflation for a decade or so)
4.95% deflation with no recovery
0.05% economy stabilizes, and growth begins again
Dont fight the fed, end it.
Schiff has been calling for hyperinflation since 2008, probably earlier.
VAPORIZATION: For Dummiez
INSTRUCTIONS:
1. Insert money.
2. Press GO.
3. Remove ashes
4. Goto Step 1.
Buffer your Buffers Bitchez !!!
So do all the guys who's legit trades were sucked into this packet storm get their shit unwound for them? Cuz if not then someone out there just got away with burning a bunch of people up.
You have MF Global on the one side, and "algos gone wild oh noes" on the other side. Nowhere to go now except home.
Just like "BattleBots", only they're smashing stawks!
"Greenspan" was a BattleBot :-)
http://www.youtube.com/watch?v=AtY9YVKqUP8
They're not going to be happy until we have another flash crash. That's what it's going to take to get rid of this crap.
yes and all trades beyond 10% will be busted in the crash except for the "market makers" gs/jpm/bac/c/ms etc they get to ride this bitch into the ground.
greek to me.
RING- RING, Hello Janet, I was just reading your your recent handout and read the following: "If something seems wrong, notify law enforcement authorities." Well, I saw something very suspicious.
Janet: Oh wait let me guess! You're one of those zerofudge groupies, right? Zerohead. Something about a blog. Did you know I get about a thousand b-jillion emails from you pukes a day? Go home sonny I'm busy. <click>
That doesn't sound like the Janet I know. I think Jack and Chrissy would agree.
3's company and 4 is a mandatory cavity search.
She would promptly notify the FBI that you are a terrorist and dispatch a pack of thugs to pick your ass up. You will be promptly flown to GITMO for further questioning.
a oil flash crash that would be epic
it would. commodity futures flash crash would send a panic to equities/futures etc. Everything would crash at the same time, cept the USD.
anyone else notice at 1:29 EST the phat-phinger-of-phate dip in many stocks? Several on my screen went way south then straight back up.
WTF?
Ah you noticed that. That's great, we're always looking for on-the-ball Americans to help us keep tabs on things, knowwhatimean? Could you just step this way sir? Yes right through that door. And have a nice stay at Gitmo ...
Va-por-ize
OIl doesn't have to be traded on speculation and hallucinated markets and exchanges. Remove oil completely from being traded and there will still be oil pumped into tanks. Sure, traders will be unemployed, but they can go find another job, preferably on Main Street.
Without a market, the manipulation would be over the top. Even if markets are scammed they do provide a degree of discovery that would be no where to be found if they were not there. Gas would be $8.00 a gallon in US.
Hell, it's almost that price yesterday in Canuckistan, 15 miles from where they steam the stuff out of the ground.
Anybody playing in a game they know is rigged deserves to get fleeced. Man's ego tells him he is the one who can beat it, but those pretty fountains say otherwise. 7-11 bitchez !
The only winning move is not to play. (War Games)
Winning = Physical (and that, mon ami, is one degree of separation between Charlie Sheen and Olivia Newton John) :D
Phantom (naked) long calls.
so much happier since I quit trading. Even learning to love cat food
Try dog food, it's even better! Great comment...
Alas even the Gravy train commercials have died.
Some of you young bucks will have to Google THAT.
Porco Rosso (1992)
http://www.imdb.com/title/tt0104652/
Porco Rosso: If you make a deal with the air pirates, watch your tail, young'un.
They're a bunch of penniless cheapskates. They stink 'cause they don't bathe.
Curtis: Yea... that's for sure.
Pirate: What's that! You rotten pig! Let's have it out!
Gina: What's this? So many important people here. Are you up to no good again?
Pirate: Hee, hee, hee, hee, yes ma'am.
Gina: I'm glad you came, but no war games.
Pirate: We know, Gina. We don't work within 50km of this establishment.
Pirate: But we're getting along fine with the pig.
~//~
Spirited Away (2001)
http://www.imdb.com/title/tt0245429/
upvote for Studio Ghibli
Family guy Ultimate showdown
http://www.youtube.com/watch?v=xRjbKtMi3ec (3:35)
~//~
Bill Wood with Lisa Harrison
http://www.youtube.com/embed/MUwH3qT3fmY (1:17:13)
If you use the cat food to catch wild cats, you can be enjoying chinese cuisine everyday. Try the cat fu yung, or cat pot stickers. Hot mustard, soy sauce and beer on the side and the "foodies" will be begging for more from your hip little street van. Its a cash business with minimal procurement costs for all that fresh meat.
Bribe a health inspector and start a blog. The 21st century is all about creating your own opportunities. Its the century of empowerment.
Use that cat food the way god intend when he invented it. Purrrrina, mmm good.
"Bribe a health inspector and start a blog."
I almost blew out a lung. Thanks for the best laugh I've had in a long time.
Aaand it's gone.
Fed or Govt. PPT algo gone awry...
Wow!
A hacker's dream.
Turn the Plunge Protection team into the Plunge Party team.
And here I thought it was all due to my 300 share USO trade this afternoon. Seriously though, there is no way this can be interpreted as anything BUT market manipulation. It doesn't necessarily imply the markets are broken (even though they are) anymore than someone speeding on the freeway implies the roads are unsafe. It just means that someone needs to be arrested and and fined big time.
F'ing Waddle and Reed...at it again.
The SEC is way to busy digging in private investment firms garbage dumpsters looking for scraps. A non-functioning world market could be looked upon as a real turd in the pool, so just pick it out and STFU. Got it?
Ron Paul 2012
I don't always test my HFT CME transactions, but when I do, I DO IT IN PRODUCTION! Stay Thirsty, my Friends!
That's right! Test environments are for pussies! Run it in production or GTFO.
Let Tech support deal with it...
Code with Confidence Baby!!!!!!!!!
Test Environments are for over cautious pussy's, who are afraid of the real world. :P
#41
The unwritten rule in software development is: The customer is the beta tester.
Stress test... Nothing to see here folks, move along!
Anonymous, was that you?
Temporary unscheduled server maintenance. CME forgot to DL CCleaner v3.15.1643 over the weekend.
/sarc
HAHAHHA "Unsheduled Maintenance" is one of my favorite lines to throw out to users just to see if they get it.
And of course, nothing on front pages of cnbc, bloomberg, marketwatch, wsj.
Only fox business still has it on page online but no real commentary
cnbc.com ran it as a headline earlier.