The British pound suffered a "flash crash" yesterday in which it plummeted six per cent against the US dollar within a matter of minutes. All signs point to high frequency stock trading as the culprit -- and possibly a single algorithm.
Tagged With algorithmic trading
Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.
One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.