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August 10, 2012 02:29 pm PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/HkgFd0Ko-Qk/high-velocity-trading-rendered.html
High velocity trading rendered visceral
The latest installment of Tim Harford's BBC/Open University podcast (RSS) More of Less has a fantastic and chilling look at the world of high-frequency automated stock trading, where warring algorithms execute millions of trades in an eyeblink. The story's jumping-off point is Knight Capital, whose faulty algorithm hemorrhaged $10,000,000 per minute, ultimately costing the company [...]Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/HkgFd0Ko-Qk/high-velocity-trading-rendered.html
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