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Rogue algos all too common

Aug 9 2012  The errant Knight Capital algorithm has stoked a fierce debate about setting standards for technology in trading. Frederic Ponzo, managing partner at the capital markets consultancy GreySpark Partners, says stipulations for market operators are missing in Europe's Mifid 2 proposals, and with algo glitches occurring globally on a daily basis, regulators need to act.  (4m 28sec)
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Produced by Darryl Thomson. Filmed by Rod Fitzgerald.

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