Quote from: Speckle21 on August 15, 2014, 10:04:40 PM

During the recent limited flash crash, did BFX use the half-breaker idea i proposed back in february to blunt it? https://bitcointalk.org/index.php?topic=229438.msg5060308#msg5060308

The behaviour of the BFX during this time seems to suggest it has. Price goes wildly out of sync due to cascade liquidation, trading is halted for a minute to allow bids to rebuild, trading is resumed when depth is better, liquidation is trickled in the process repeats until the price is back in sync with bitstamp.

Good work on BFX for blunting the crash. I'm very happy that i wasn't liquidated (at least not yet, who knows how low we go in the future Wink

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... do i get a small reward for the winning idea? Cheesy

BFX definitely use breaker as you suggested to deal with recent flash crash.

reddit article:
Bitfinex Margin Call Cascade Algorithm Explained & How to Avoid It With Market Wide Circuit Breaker Systems Used by NASDAQ
http://www.matlabtrading.net/main/2014/08/14/bitfinex-margin-call-cascade-algorithm-explained/