Reg AT: A Source (Code) of Contention

bison-waters0416

On August 1, 2012, a computer glitch in Knight Capital’s production environment sent the market tumbling, costing the company over $400 million, and leading to Getco buying the firm by December. Just a couple years before, on May 6, 2010, the Flash Crash shook the markets, followed by similar flash crashes in 2013 and 2015.

It’s clear that a natural byproduct of the markets becoming increasingly automated is that technical glitches have become a continuous burden. As a result, regulators have

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