Monday, November 12, 2012

NYSE's UTP, Universal Turd Pile

On Monday, the NYSE had problems transitioning securities to their new matching engine, dubbed “universal trading platform” or UTP. The glitch, which hit shortly after the closing bell, caused other exchanges, from BATS and Nasdaq to Direct Edge and even NYSE’s own Arca electronic exchange, to stop routing orders via the NYSE.

It's coming boys and girls.  It will be a cluster like none other.

Just wait and see. 

When algo chaos, speed, for-profit exchanges and greed all collide at warp speed.

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