Risk Management a Challenge When Algos Go Rogue

If the Flash Crash of May 6, 2010 is one of the defining moments in the public high-frequency trading debate, then August 1, 2012 is also burned into the minds of technologists across the investment banking industry. Knight Capital, then one of the largest broker-dealers in the world, suffered a devastating blow when a system error caused thousands of orders to be placed into the market, which wound up costing the firm around $440 million and brought it perilously close to extinction. While

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: