What exactly is slimy about it? It's all based on a published exchange rate, rig... | Hacker News

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Tycho on Jan 18, 2015 | parent | context | favorite | on: Trading a Real Market: What the Swiss National Ban...

What exactly is slimy about it? It's all based on a published exchange rate, right?

The original bucket shops were only slimy because they could have real traders at the exchange manipulating the price to wipe out customers in the bucket shop. (as far as I know)

SamReidHughes on Jan 20, 2015 [–]

To me, it seems slimy because the shop could find itself unable to pay out the money it owes to customers.

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