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Another Day, Another $440 Million

Robert V. Binder Posted by Robert V. Binder | Fri, 03 Aug 2012
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A “rogue algorithm” is widely reported as resulting in a $440 million loss for leading NYSE broker-dealer Knight Capital Group. So where did this rogue come from? Did it sneak in while no one was looking? Beat up the guards and smash down the doors? Did some software suddenly go postal after too much stress? Did a spike in the power [...]


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