11 November 2010

Stock Exchanges at risk from rogue trading algorithms?

Ive submitted something to the Newsletter on the computer in the dock and thought I had pasted these stories earlier. Since I couldnt find them when I was rewriting it, I'm reposting. I keep thinking Ive posted stories lately when I appear to have failed...Alzheimer's or external intervention? Yeah, I know. Its incompetence!
Anyway, the Stock Market fined Credit Suisse for failing to control its trading algorith recently. Now Ive been burbling about databases and software for the last 10 years, but no-one ever listens. Algorithms have a life of their own...and the innocent have lots to fear!

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