One of the most interesting things about the company collapsed Knight Capital Group – the trading firm that lost in 2012, $440 million – the speed of its collapse. [original article dated 2012, approx.transl.] In the news wrote that the bulk of wrong trade decisions occurred within the hour, and this computer controlled drain once again forced the financial community to discuss, isn’t the pursuit of profit to a fast, but dull and uncontrolled. We place this story before her appearance in the September issue of Wired, because it describes how wall Street came to the state in which such lapses occur more often and what else ready traders seeking to ever-faster trading.
Continue reading “[Translation] Ferocious bulls: how wall Street got hooked on trading at light speed”