Wed, 15 Aug 2012 08:13:25 GMT - HFT Review
If a computer glitch lost Knight Capital $440m, how long will it be before high-frequency trading computers threaten the stability of the civilised world?
Glitch: It seems a benign enough word, as if a computer said "Whoops-a-daisy! Sorry about that. I'll get a cloth." Or in the case of the Knight Capital glitch "Eh... I'll get my coat."
Appropriately enough, the word may have originated with the Yiddish "glitsh" meaning "slippery place" - appropriate because we may be at the top of a slippery slide.
