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Flash Crash And Other Cock Ups

A little piece that looks at the impact of HFT . It doesn’t add anything new other than offering a more personal narrative. Although the book by the author Scott Patterson might be interesting to drop onto the tablet.

As a counterpoint this article places the blame for the Facebook debacle squarely on the shoulders of the exchange. Looks as if the people who run the Nasdaq exchange were trained in the same school of incompetency as those who run our local public transport. system.

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