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| This Week | Total | |
|---|---|---|
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1-algos-gone-wild-speculating
Brian Costa and Ty Danco look at last week's big news of algorithmic trading losses and discuss what buyside firms should think about before deploying algos.
- BuysideFX
BuysideFX at 4.21 on August 17, 2012 18:38
With the benefit of hindsight...here's the real story. http://www.securitiestechnologymonitor.com/news/knight-code-triggers-dormant-trading-software-31128-1.html?utm_medium=twitter&utm_source=twitterfeed We stand by all comments about farming out work to programmers who don't understand markets, however.
- BuysideFX
BuysideFX at 3.37 on August 17, 2012 17:35
It took a few days to find out what really happened--a software update that triggered old code that multiplied orders by 1000x, resulting in trades Knight had to eat. http://www.bloomberg.com/video/it-happened-at-knight-capital-market-makers-8-14-J5d~19lGQGOlhyF1SotBOA.html
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