[SystemSafety] How to loose $460M with some dead code
Derek M Jones
derek at knosof.co.uk
Fri Nov 1 21:17:24 CET 2013
All,
I suspect that most members of this list have not been following
the tail of Knight Capital’s rather odd way of loosing $460m via
algorithmic trading.
It turns out to have been caused by some unused/dead code
coming back to life (the technical stuff starts around para 13):
http://www.sec.gov/litigation/admin/2013/34-70694.pdf
--
Derek M. Jones tel: +44 (0) 1252 520 667
Knowledge Software Ltd blog:shape-of-code.coding-guidelines.com
Software analysis http://www.knosof.co.uk
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