Sunday, 5 August 2012

Robot trade costs firm $440m in 45 mins

Robot trade costs firm $440m in 45 mins: High-speed computerised stock trading has led to huge losses in a 45-minute foray for Knight Capital Group, a company in the vanguard of the technology.

Cape Town - The dangers of high-speed computerised stock trading - which have in the past caused inexplicable "flash crashes" in the markets - have now been visited big time upon one of the companies in the vanguard of wielding the technology, newscientist.com reported on Friday.