Rogue Computer
Faulty software led Knight Capital to record thousands of erroneous trades with the NYSE leading to huge losses and imminent bankruptcy. The Flash Crash was another example of rogue computers taking down capital markets. These events threw a spotlight on critical execution aspects of technology in f...
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| creator | Waxman, Andrew |
| description | Faulty software led Knight Capital to record thousands of erroneous trades with the NYSE leading to huge losses and imminent bankruptcy. The Flash Crash was another example of rogue computers taking down capital markets. These events threw a spotlight on critical execution aspects of technology in facilitating trading activity and potential sources of great operational risk therein. This chapter identifies the issues associated with these types of events and how to prevent and mitigate them. |
| doi_str_mv | 10.1002/9781119380184.ch8 |
| format | Book Chapter |
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| fulltext | fulltext |
| identifier | ISBN: 1119380146 |
| ispartof | Rogues of Wall Street, 2017, p.63-71 |
| issn | |
| language | eng |
| recordid | cdi_proquest_ebookcentralchapters_4838303_50_85 |
| source | O'Reilly Online Learning: Academic/Public Library Edition |
| subjects | algorithmic trading change controls Computer code |
| title | Rogue Computer |
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