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Errant Trades Reveal a Risk Few Expected! Can GPS Spoofing Cause A Flash Crash? Another update.

edited August 2012 in Off-Topic
I have linked below an article that comments more on the market than it does Kinght Capital's computer that went away on newly loaded software that perhaps should have been better tested before placed in real time action. It seems, firms do not have to have the SEC approve new codes or software ... So look for some changes. In addition, some feel a transaction tax is warranted, perhaps even on quotes stuffed into the market, as some feel this will reduce volatility. Some seem to favor this ... Others are opposed as they feel it will raise cost.

http://dealbook.nytimes.com/2012/08/02/errant-trades-reveal-a-risk-few-expected/?ref=business

Perhaps, something positive will come out of the Knight Capital experience that will improve the markets and the exchanges.

Have a good day ... and, Good Investing,
Skeeter
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Scroll down for the article on GPS Spoofing.

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