System Trading Blog

Make Your Money Work Harder

Archive for August 2012

The lesson from Knight’s Capital Group’s $440m loss in 45 minutes

leave a comment »

There is no lesson. Software is mission-critical part of almost every modern business or social activity. In planes, cars — your life may depend on it, in trading as a business — your finances may depend on it.

In the old times, before IT, usually one could tell immediately, if a tradesman has done a good job. Today, not always one can tell that — if the “tradesman” is software engineer or coder, the quality of their work may be hidden to outsiders.

We got to accept the reality that today it is possible that a software glitch may bring down companies and who knows what else.

The original link:

http://www.guardian.co.uk/world/2012/aug/03/knigh-capital-group-440m-loss?newsfeed=true

Written by A.S.

August 5, 2012 at 9:14 am

Posted in Uncategorized