Institutional Investor (February Issue)
2013/ 02/ 23 by jd in Global News
“For those who build and manage market and trading technologies, 2012 was punctuated by trouble. High-profile system malfunctions marred the BATS Global Markets and Facebook IPOs in March and May, respectively, and brought down market maker Knight Capital Group in August. These too were good new/bad news incidents, not as catastrophic as the still-reverberating ‘flash cash’ of May 6, 2010, but reminders that such technological snafus happen too frequently for comfort. All of this casts a pall over the industry and profession.”
Tags: BATS, Facebook, Flash crash, IPO, Knight Capital, Malfunctions, Technology, Trading
