June 23, 2012 at 13:05Robot crash on the MICEX-RTS exchange
A funny incident occurred on June 21 on the FORTS derivatives market of the MICEX-RTS integrated exchange; one of the market participants wrote about it in his blog Sergey Romanchuk (head of the dealing center of Metallinvestbank). Beginning at 6 p.m., a kind of automated trading system started its vigorous activity, which began at a frantic speed to buy dollar futures at 33.90 rubles. and sell at 32.75 rubles.
In two minutes, the “crazy robot” managed to complete deals worth $ 700 million (!) Before it was stopped. Here is the schedule of transactions from 18:00 to 18:02 with a cumulative total. Representatives of the exchange officially announced that the transaction will not be canceled.
The same schedule, but with a cumulative loss statement ($ 4.3 million).
Transactions log during the period of the robot’s activity (viayupic )
Log of transactions for the whole day
“Since both the volume of transactions and the loss is very large, most likely one of the banks“ hit ”it. A high-frequency traders fabulously enriched. The triumph of social justice, ”Sergey Romanchuk jokes.
In two minutes, the “crazy robot” managed to complete deals worth $ 700 million (!) Before it was stopped. Here is the schedule of transactions from 18:00 to 18:02 with a cumulative total. Representatives of the exchange officially announced that the transaction will not be canceled.
The same schedule, but with a cumulative loss statement ($ 4.3 million).
Transactions log during the period of the robot’s activity (viayupic )
Log of transactions for the whole day
“Since both the volume of transactions and the loss is very large, most likely one of the banks“ hit ”it. A high-frequency traders fabulously enriched. The triumph of social justice, ”Sergey Romanchuk jokes.