NYSE Fines Credit Suisse For Algo Run Amok
January 13, 2010
On the morning that the Securities and Exchange Commission meets to consider how to deal with automated trading issues, Credit Suisse has been fined $150,000 by New York Stock Exchange Regulation for poorly supervising the development and execution of an algorithm that clogged the exchanges order processing system and severely delayed messaging traffic on five NYSE-floor trading posts.
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