10-08-2016, 09:31 PM
With technology making life easier for us here in the Western world, the idea
that it could turn against us seems ludicrous, doesn't it?
Your mobile phone doesn't make lewd calls to anyone just because it wants
to and if you were confronted with the evidence that abuse had taken place
from your phone, you wouldn't just shrug and accept that the device 'just did
it'... would you?
But:
'The pound has endured a temporary collapse in value to new 31-year lows,
sparking market chaos and a Bank of England probe.
Having traded as low as $1.26 to the dollar on Thursday it slumped to $1.18
within minutes during Asian trading - hitting $1.14 briefly at one stage according
to Thomson Reuters - a fall of up to 9%....'
Oh my, surely the brokerages must have the inside track on something terrible
happening within the European arena! These guys live-and-die on their customers'
confidences and so, they must be in the know, have the skinny on what's really
happening around the world.
It's 2016, for heaven's sake!
'...IG Markets' analyst Angus Nicholson said it "looks like it was an algorithm-driven
flash crash", adding that "given low volumes in the Asian session, it would have
forced other algorithms to join in and magnify the fall".
The Bank of England said that while it has no powers of regulation over the market,
Governor Mark Carney has asked the Bank for International Settlements to look into
the events in order to discover whether any lessons can be learned...'
SOURCE:
Luckily, the experts pitched the reason for the deficiency down to worries in the many
markets of the European decline and the frailty of the UK pound. The customers settled
and the rocky-ascent of the currency must begin again.
But what is a 'algorithm-driven flash crash'?
'...Though the crash hasn’t yet been definitively linked to algorithmic trading,
the Economist argues that the speed of last night’s drop points at software
gone haywire.
Financial algorithms—or algos to those in the trade—can be prone to high
-speed selling spirals, where a trigger point causes one piece of software
to sell, driving down prices, which in turn activates the trigger points of
another program, and so on, until things go badly wrong...'
Technologyreview.com
May I suggest that it won't be a 'Arnie Schwarzenegger'-looking robot that takes us
out at the knees, but something a little smaller.
that it could turn against us seems ludicrous, doesn't it?
Your mobile phone doesn't make lewd calls to anyone just because it wants
to and if you were confronted with the evidence that abuse had taken place
from your phone, you wouldn't just shrug and accept that the device 'just did
it'... would you?
But:
'The pound has endured a temporary collapse in value to new 31-year lows,
sparking market chaos and a Bank of England probe.
Having traded as low as $1.26 to the dollar on Thursday it slumped to $1.18
within minutes during Asian trading - hitting $1.14 briefly at one stage according
to Thomson Reuters - a fall of up to 9%....'
Oh my, surely the brokerages must have the inside track on something terrible
happening within the European arena! These guys live-and-die on their customers'
confidences and so, they must be in the know, have the skinny on what's really
happening around the world.
It's 2016, for heaven's sake!
'...IG Markets' analyst Angus Nicholson said it "looks like it was an algorithm-driven
flash crash", adding that "given low volumes in the Asian session, it would have
forced other algorithms to join in and magnify the fall".
The Bank of England said that while it has no powers of regulation over the market,
Governor Mark Carney has asked the Bank for International Settlements to look into
the events in order to discover whether any lessons can be learned...'
SOURCE:
Luckily, the experts pitched the reason for the deficiency down to worries in the many
markets of the European decline and the frailty of the UK pound. The customers settled
and the rocky-ascent of the currency must begin again.
But what is a 'algorithm-driven flash crash'?
'...Though the crash hasn’t yet been definitively linked to algorithmic trading,
the Economist argues that the speed of last night’s drop points at software
gone haywire.
Financial algorithms—or algos to those in the trade—can be prone to high
-speed selling spirals, where a trigger point causes one piece of software
to sell, driving down prices, which in turn activates the trigger points of
another program, and so on, until things go badly wrong...'
Technologyreview.com
May I suggest that it won't be a 'Arnie Schwarzenegger'-looking robot that takes us
out at the knees, but something a little smaller.
Edith Head Gives Good Wardrobe.
![[Image: tinyshocked.png]](http://rogue-nation3.com/images/smilies/tinyshocked.png)
