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thundara · 3979 days ago · link · · parent · post: If this doesn't terrify you... Google's computers OUTWIT their humans • The Register
Don't know a lot about HFT, to be honest. Do you mean the specific mechanism of the crash? Or the abstract concept of computer traders acting without human involvement?
Yes - the specific mechanism of the crash was "a bunch of computers operating on non-vetted rules competing for fractions of a penny millions of times per second WHAT COULD GO WRONG?" It wasn't exactly unprecedented, either. Before there was HFT, there was "program trading" which probably caused Black Monday.