traders should bear the full cost of their mistakes.
If the code is bad then you pay the price. No Mulligan.
CNBC.com Article: Guess who just called for ending trades busting?
Myron Scholes, one of the founders of modern option pricing, says the exchanges shouldn't cancel clearly erroneous trades. The traders should bear the full cost of their mistakes.
Full Story:
http://www.cnbc.com/id/100982306
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If the code is bad then you pay the price. No Mulligan.
CNBC.com Article: Guess who just called for ending trades busting?
Myron Scholes, one of the founders of modern option pricing, says the exchanges shouldn't cancel clearly erroneous trades. The traders should bear the full cost of their mistakes.
Full Story:
http://www.cnbc.com/id/100982306
------------------------------------------------
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