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Comment Nanex: Knightmare on Wall Street (Score 1) 377

It is surprising that the best article on KCG's trades was not shared yet. Check out http://www.nanex.net/aqck2/3522.html for a fascinating look at the trades. Chart 3 shows a millisecond interval chart with around 40 trades happening in under a second, each buying at the offer and immediately selling at the bid. As Nanex put it "you now have a system that's very efficient at burning money".
Unix

Journal Journal: Day after Christmas is my lucky day!

By virtue of the fact that I am the only sysad not taking that day off, I get to come in at 5am in order to upgrade a number of our SANS with a newer OS. The boss decided that since the network would be down for a bit anyway due to the network team upgrading IOS on the switches and routers, which means all the databases and websites will also be offline, that our team has a perfect oppurtunity to do these long awaited upgrades.

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