Record🤔

uri:

"at://did:plc:2oplmvz6komu5f22e3flzuo5/app.bsky.feed.post/3kt42lov7gd2q"

cid:

"bafyreibfxyhytaeu32fyfg2zcjmod4qtygzkqoqzwvzq6z24whnvnw4l2e"

value:

text:

"also lol @ the UI basically being designed to guarantee this would happen"

$type:

"app.bsky.feed.post"

embed:

$type:

"app.bsky.embed.images"

images:

• alt:

  "But the system instead displayed a notional amount of $58 million — the same as the number of units — which is exactly what the trader was expecting. Here is an insane paragraph from the FCA order (emphasis added):
  
      Ordinarily, the Value at Benchmark field (ValAtBM) on the PTE screen displays the value of the relevant basket at a specified benchmark and is used where traders need to track the value against a reference price. In this case, PTE defaulted to the option "Strike". The default "Strike" option was programmed to determine the price of the Index at the prior day's close, by reference to an external data feed. However, as data from that external feed was unavailable, the price of the value of the Index instead defaulted to -1 rather than the benchmark price which was US$7684.40. The quantity of units was therefore multiplied by -1."

  image:

  

  View blob content

  $type:

  "blob"

  ref:

  $link:

  "bafkreiccd33zeae4mcyfuhvrro7mfxwdwuzbyrr4plffhzwyvlf7dmoszq"

  mimeType:

  "image/jpeg"

  size:

  932129

  aspectRatio:

  width:

  1274

  height:

  1430

langs:

• "en"

reply:

root:

cid:

"bafyreigrcoy6nbpyqlkzndbmhmfhe5hxp76dq46xwsqc52oenoubt6cal4"

uri:

"at://did:plc:s7zwxkzbvve2aruvjuln5ug4/app.bsky.feed.post/3kt3wzewnfv2f"

parent:

cid:

"bafyreigrcoy6nbpyqlkzndbmhmfhe5hxp76dq46xwsqc52oenoubt6cal4"

uri:

"at://did:plc:s7zwxkzbvve2aruvjuln5ug4/app.bsky.feed.post/3kt3wzewnfv2f"

createdAt:

"2024-05-22T19:42:42.685Z"