Tuesday, October 09, 2012

Al-Qaeda Anonymous Wall Street hackers

Who could be "testing" the stock market? Years ago it became known that Al-Qaeda was interested in bringing down the US economy. Think of it as a financial 9-eleven, a tailspin that could cripple commerce. It would also open a window for some sort of secondary attack: such an event could be (a) physical, 911 style... (b) digital, like a hack in a sensitive computer system... or (c) a pulse bomb that would destroy computer files across the land.  Having typed that, "Anonymous" or another hacker group could be conducting a test...

CNBC ::: A single mysterious computer program that placed orders — and then subsequently canceled them — made up 4 percent of all quote traffic in the U.S. stock market last week, according to the top tracker of high-frequency trading activity. The motive of the algorithm is still unclear.


The program placed orders in 25-millisecond bursts involving about 500 stocks, according to Nanex, a market data firm. The algorithm never executed a single trade, and it abruptly ended at about 10:30 a.m. Friday.

“Just goes to show you how just one person can have such an outsized impact on the market,” said Eric Hunsader, head of Nanex and the No. 1 detector of trading anomalies watching Wall Street today. “Exchanges are just not monitoring it.”
Hmmm... he doesn't seem all that concerned...


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