2012-08-28 — smh.com.au
of computer-generated trading in the modern sharemarket has created an unpredictable, and sometimes dangerous, environment for investors.
...
Since the one-minute massacre of QBE Insurance more than two years ago by a rogue robotic trading program, all that has changed is that now it would take a mere millisecond. And it wouldn't stop at one stock.
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The share price was savaged from $15.70 to less than a cent before anybody could do anything.
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