This is the unfortunate truth of algorithmic trading.sqa said:Oanda must have been hilarious to watch today.
Companies like IMC Markets in Amsterdam full of quants planning their next cyber attack on the markets.
Thats what low latency is about. Its about spamming the terminals with fake bids and offers so fast that even the charting software doesnt recognise the change in price.
Its the perfect crime, tell everyone your reducing their execution times when in reality the increased network speed is being used to spam their terminals. Untraceable becuase its too fast for the software to detect.
Youve seen it here first folks! Be careful out there.