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> If real markets could get 1 hour behind in transaction processing because of a spike in volume it would be the end of capitalism as we know it.

The Facebook IPO was pretty damn similar and didn't end capitalism as we know it :)

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It is hyperbole of course. Capitalism worked fine before split second trade resolution, but that happening in today's markets is a pretty big deal because a lot of people have gotten used to it. Also the Facebook IPO was isolated and shook/annoyed a lot of people it seemed. If that kind of thing happened regularly outside of huge IPOs I think NYSE would be in pretty bad shape.

That was not a spike in volume, rather a rocket.

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