Tag Archives: robot banking
Robot Banking Costs Company $440 Million In 45 Minutes
It looks like there are some things left to humans. We already know that includes emotion, love, cooking and now … math?
On Wednesday, a computer software error at Knight Capital Group snowballed into some mayhem in the American stock market. Knight Capital uses algorithmic trading, where stock transactions are controlled by computers rather than people, and a glitch caused that system to make unwanted purchases and sales for 30 minutes.
