Lose $440Million in 45 minutes

[trendie]

BBC article on robot trading, algos, and microwave beams to send orders.
BBC News - A dark magic: The rise of the robot traders

The article within the article relates to a fund that had one of its algos go haywire, and lose them $440M in about 45 minutes.
BBC News - High-frequency trading and the $440m mistake

Holy Moly, Guacamole!!

 

[NVP]

BBC article on robot trading, algos, and microwave beams to send orders.
BBC News - A dark magic: The rise of the robot traders

The article within the article relates to a fund that had one of its algos go haywire, and lose them $440M in about 45 minutes.
BBC News - High-frequency trading and the $440m mistake

Holy Moly, Guacamole!!

thats nothing .........give me the money and I can lose loads more than that even quicker hahahahaha

 

[wackypete2]

Knight Capital nearly became insolvent due to that. Sorry, no tear in my eye.

Peter

 

[Hakuna Matata]

wasn't this aggges ago?

I remember reading something that explained what exactly the M.O. was, it was pretty interesting.

 

[JeffCreator]

Oooo that's bad.. imagine being the person sat behind that computer! haha tragic