Financial Algorithmic Trading
Once all the rage was arbitrage trading. High frequency trading then became the catchphrase. Now the latest scheme to insert financial nanotech – rage against the machine – practices called algorithmic trading created an automated loss of historic proportions. The Knight Capital calamity gave rise to rogue mathematics gone amuck. What a surprise! Removing buy or sell decisions from human hands is the quickest way to destroy a company that took years to build. How the euphemism “TRADING” applies to the upheaval of computerized speculation, could only make sense in the weird world of Wall Street accounting.