The Rise and Fall of Knight Capital — Buy High, Sell Low. Rinse and Repeat.
▻https://hackernoon.com/the-rise-and-fall-of-knight-capital-buy-high-sell-low-rinse-and-repeat-a
The 6th anniversary of the trading system meltdown at Knight Capital is an opportunity to reflect upon software defects, human error, process flaws, and the best principles and practices for IT solution delivery. In this blog and my upcoming book, Bugs: A Short History of Software Imperfection, I will chronicle some important software system failures in the past and discuss ideas for improving the future of system quality. As information technology becomes increasingly woven into Life, the quality of software impacts our commerce, health, infrastructure, military, politics, science, security, and transportation. The Big Idea is that we have no choice but to get better at delivering technology solutions because our lives depend on it.On August 1, 2012, Knight Capital Group LLC (...)
#trading-system #rise-of-knight-capital #fall-of-knight-capital #trading-system-meltdown #knight-capital