How a stray mouse click choked the NYSE & cost a bank $150K
As the practice of high-frequency trading continues to become more widespread, concerns are growing that erroneous trades carried out by “algos gone wild”—a sort of digitally amplified version of the “fat finger” phenomenon—could cause a market crash at Internet speed, a meltdown that no one could stop. Two recent market glitches could provide a preview of what’s to come.
Full Article (Ars Technica - arstechnica.com)
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POSTED Thursday January 28th
