Read this short but shocking tale if you want to understand why a man from Hounslow allegedly caused the flash crash of 2010, wiping billions of dollars off the value of America's biggest companies in a matter of seconds. Written in a somewhat breathless style, it introduces us to the frightening world of high-frequency trading. By the end, we might just understand what an algorithm is but, I venture, not how it works.
(Jeremy Miller - bwl 76 Spring 2015 ) |
