Simon Jones, director of product marketing, IPC says human intervention will always be necessary in trading environments.
algorithms reacted to 'news’ from the Associated
Press’s Twitter handle announcing that President
Obama had been injured in a bombing attack at the White House
on April 23, 2013, the markets suffered a brief, yet steep,
In a handful of minutes, the Dow
Jones dropped 145 points, Standard & Poor’s
500 Index lost $136bn in value, and blue chip names like Exxon
Mobil, Apple, Johnson & Johnson and Microsoft lost about 1%
of their respective values. By all appearances, the market
looked as if it were headed for a crash at least as steep as
the flash crash in 2010.
in the flash crash of 2010, the drop was ephemeral. This time,
the drops in value were quickly reversed when it was revealed
minutes later that the 'news’ was a hacker hoax,
and the markets ended the day higher than they had
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