Can We Stop Overreacting To Computerized Trading?
Such are the crazy times we live in, where a single rumor can cause the entire system to crash, even momentarily.
When Wall Street Robots Go Rogue, Banks Lose $10 Million a Minute
Wall Street robots went rogue on Wednesday unleashing a torrent of trades that wreaked havoc on the markets and cost one firm nearly half a billion dollars, or about $10 million a minute. It was a “mini flash crash,” experts called it, bringing back...