Could computers make the market safe from computers? 's David Leinweber explains.
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- It's certainly an interesting thought, but wouldn't the progress in ultrafast trading result in a quick obsolescence of these "sentry" algorithms/computers? I would think that the quick pace of development in the financial sector would result in a situation similar to the 2008 crash: over-reliance on antiquated regulation (or, here, automated controls) lulled the American regulators, consumers, and investors into a false sense of security.
What would it take to keep such an automated regulatory infrastructure up-to-date? Would the maintenance and research itself be cost-prohibitive?May 29, 2012