Traders: Fines for Wild Algorithms Miss Human Element
US regulators are investigating how to police trading algorithms that may run amuck and lead to future flash crashes like the one that occurred on May 6, but industry participants at this week's FPL Americas Trading Conference in Manhattan still see market manipulations by live traders as a greater concern.
Governing bodies like the Financial Industry Regulatory Authority (Finra) and the US Securities and Exchange Commission (SEC) are considering fines for "runaway" algorithms or "algorithms gone
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