alt Hacker NewsSure, but 80 -> 28,000 -> 54,000 is a hell of a lot of slippage.
Trading platforms can guarantee a maximum slippage on stops, and often even offer guaranteed stops (with an attached premium), so I don’t see why Google and Firebase can’t do similar.
The way it works at present is ridiculous.
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nurettin • today at 2:05 PM
> Trading platforms can guarantee a maximum slippage on stops
Yeah no, physically impossible. If nobody is selling at that price, there is no guarantee your sell stop will execute near that price. They can sweep the market, find the best seller price and execute.
There might be a costly way to do it with microservices as I indicated, but your example easily falls apart.
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Yep. And cloud providers could eat any slippage cost (enforcing, say, every 5 minutes by stopping service) without even a rounding error on their balance sheets.
The fact that they don’t indicates that there’s no market reason to support small spenders who get mad about runaway overages, not that it’s technically or financially hard to do so.