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June 27, 2011, 12:14:38 AM |
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Not that they aren't silly orders, but the other idea is to catch anyone with a program that goes beserk and literally tries to buy out the entire market. Having a few "ludicrous" orders in the system might absorb or partially deflate an attack against the economy trying to remove liquidity. Automated trading and API's enable people to script their financial work, and frankly, computers do dumb things very fast when not monitored. I'd bet there are similar things in effect in the larger financial markets as well, since it "only" costs them a single BTC to hold that position.
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