Errant Code? It’s Not Just a Bug

http://www.nytimes.com/2012/08/09/opinion/after-knight-capital-new-code-for-trades.html?nl=todaysheadlines&emc=edit_th_20120809

Flood of Errant Trades Is a Black Eye for Wall Street

"An automated stock trading program suddenly flooded the market with millions of trades Wednesday morning, spreading turmoil across Wall Street and drawing renewed attention to the fragility and instability of the nation’s stock markets."


See http://www.nytimes.com/2012/08/02/business/unusual-volume-roils-early-trading-in-some-stocks.html.