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Why we need to simulate global financial markets

Tue, 03 Jan 2012 05:12:24 GMT

I highly recommend this essay by computer scientist Dave Cliff on the complexity of today's global markets, their inherent dependence on technology and potential for catastrophic breakdown. This is based on a presentation he made to the UK government not long after the Flash Crash of 6 May 2010. He offers a valuable perspective as someone who has been both closely involved with developing automated trading algorithms, and thought a great deal about the stability and potential for breakdown in...

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