Next Danger: "Splash Crash"

``I've recently heard from a computer-trading expert warning of the very real possibility of a more widespread and catastrophic "splash crash," a dislocation by high-speed trading computers that could simultaneously splash across many more asset classes and markets... There's circumstantial evidence that some of the robots are mechanized Ivan Boeskys, attempting to manipulate prices. "Everybody knows it," says Bates. "The regulators know it. So do the exchanges. They should begin actively policing trading."''