InTrade’s Software Glitch? - [See Jason Ruspini's comment, at the bottom of the post.]

Deep Throat May 3rd, 2008

Here is a beauty from InTrade, 12 hours ago: Bids and Asks at the same price. Looks like the ‘ol InTrade price-matching mechanism is working great.

Signed: Deep Throat

Editor’s Note: Here’s a new screen shot, taken this Saturday early morning (US Easter: 2:50 am).

Jason Ruspini:

Actually it’s working fine. This means the same trader has a bid and offer at the same price. Otherwise traders would be able to manufacture bogus volume by trading with themselves.

Tags: bid-ask prices, event derivative markets, event derivatives, glitch, InTrade, Market Trading, prediction exchange, prediction markets, software glitch

All Guest Authors's Posts , Exchanges & Markets , Prices & Probabilities , Software
Comments(3)

3 Responses to “InTrade’s Software Glitch? - [See Jason Ruspini's comment, at the bottom of the post.]”

# Jason Ruspinion 03 May 2008 at 12:47 pm

Actually it’s working fine. This means the same trader has a bid and offer at the same price. Otherwise traders would be able to manufacture bogus volume by trading with themselves.
# Chris F. Masse on 03 May 2008 at 1:52 pm

@Jason Ruspini: Thanks, Jason. I have updated the post.
# medemion 03 May 2008 at 2:33 pm

You mean the yanks have safeguards in place to prevent people from self-matching ?
Hmmm, they are way ahead of us, like WBX for instance, IMO.
Never lost faith in the Americans tbh.