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Big bank is not the same as a small/mid sized trading firm. Banks have regulations they need to meet, and typically do things by the book. I'm not an expert he
by padseeker 8y ago
Big bank is not the same as a small/mid sized trading firm. Banks have regulations they need to meet, and typically do things by the book.
I'm not an expert here. Part of what I said is based on the 6 different people I've met who have worked in the industry. I'm just saying if you have $400+ million to lose and you rely on the IT infrastructure allows you to make that money then you can spend a few million on top notch people and processes to prevent this kind of thing. I worked at a relatively large media company, and every deployment has a go/no-go meeting where knowledgable professionals asked probing questions, you defended your decisions. I've love to know what they did in Knight Capital. The idea of re-using an existing variable for code that was out of use strikes me as a terrible idea.