Saturday, October 27, 2007

The peril for markets when computers miscalculate

Brilliant article from the economist. Especially check out the paper referenced at the end. Backtesting FTW!

1 comment:

Dom Pannell said...

Quant groups acting as marketmakers.

Isn't that what's happening with oil stocks/prices at the moment, taking petrol prices in the UK to over £1 a litre?

http://tinyurl.com/3ctr8a