SEC-CFTC Flash Crash Report Leaves Experts Unsatisfied.
This news report, published today on the FinanceTech website and written by Ivy Schmerken, discusses lessons learned from studying the causes of the May 6th “flash crash” of the stock market. Discussing learning about problems that can occur with computerized trading, the article states: “In terms of lessons learned from, it points out the perils of algorithmic trading strategy run amok when it is executed without regard to time and price. “. It is another example of what engineers (or software designers) can learn from a system failure in order to make more relaible/robust designs.
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