TIL that Thomas Peterffy was told by NASDAQ that his algorithmic trading was illegal because it lacked a keyboard so he created a robot with fingers to type all trades on the keyboard which made it legal - "the robot typed so fast it sounded like a machine gun."

http://www.npr.org/blogs/money/2012/08/27/159992076/a-father-of-high-speed-trading-thinks-we-should-slow-down



Submitted March 31, 2015 at 07:36AM by pauloalto http://www.reddit.com/r/todayilearned/comments/30vovo/til_that_thomas_peterffy_was_told_by_nasdaq_that/