“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.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
(Visited 35 times, 1 visits today)
Related posts:
Glenn Greenwald: The Boston bombing produces familiar and revealing reactions
Bill Bonner: A Personal Appeal to Barack Obama
‘Surgical Strikes’ an Orwellian Dream
Obama, the US Liar-in-Chief
Can You Trust the Case for War this Time?
Guilty of Aiding the American People
What Actually Is or Will Be Obama's Foreign Policies in the Vampire-Empire?
The Attack on U.S. Property Rights Continues
Central Bank Snuffs Out Vietnam’s Thriving Gold Market
Bill Bonner: Debunking the Fed’s Credit Propaganda
This Could Shake Muni Bonds to the Core
Bill Bonner: Get Ready for QE4
“Are You Willing to Die So That the CIA . . .
Ron Paul: New Fed Boss Same as the Old Boss
Leaping to Conclusions