‘Human elements are more divorced from the trading process then ever before. Humans are responsible for writing the program but are not inter stepping between the trade itself.
We saw this a year ago with United Airlines, their was a false bankruptcy rumor. Some wire service, inadvertently transmitted an old story about a UAL bankruptcy filing. The problem was, all the news reading algorithms saw that and started to sell sell sell…..within a matter of minutes they cut the UA stock price in half. ‘
