“As a former software engineer, I laughed when I read what the SEC might be considering in response to the debacle of Knight Capital’s runaway computerized stock trades: forcing companies to fully test their computer systems before deploying coding changes. That policy may sound sensible, but if you know anything about computers, it is funny on several accounts. But, if Knight Capital and other firms were forced to pay back everyone — everyone — who got caught in their downdraft, just imagine what brilliant systems the companies would devise.”
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