Tuesday, August 31, 2010

Flash Crash Ethics

Aug 29: Australian Broadcasting radio show Background Briefing aired a story on "the flash crash" for which Colin was interviewed (at the end).

Program description:

A few months ago the US share market plunged l000 points in a few minutes, and trillions were traded both up and down. What caused it, and can it happen again? Tiny high frequency computer algorithms - or algos - roam the markets, buying and selling in a parallel universe more or less uncontrolled by anyone. Did they go feral, or was it the fat finger of a coked out trader? In September US regulators bring out their findings. Reporter Stan Correy.

No comments: