December 2011
2 posts
Did the Computer Cause the Crash? (1988)
Almost 25 years ago, Lester Thurow wrote an article in Technology Review (February-March 1988) called Did the Computer Cause the Crash? This article was later included in a collection called Panic! by Micheal Lewis - which is where I found it. In the article, Thurow points out that to blame computerisation for the 1987 crash is to blame a tool.
Computers make program trading possible because...
Work and Automation in Financial Trading
Since the May 2010 Flash Crash there has been much interest in algorithmic and high frequency trading. In particular, a Foresight Review was commissioned by the UK Government to investigate the future of computer trading in financial markets. I’ve been reading through their working papers and driver reviews, and - while there is clearly some fantastic research being done in this area...