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> The financial system trades trillions of dollars in automated systems that make split-second decisions in a way that precludes human supervision. Nope. Regul
by twic 5y ago
> The financial system trades trillions of dollars in automated systems that make split-second decisions in a way that precludes human supervision.
Nope. Regulations require human supervision, in some way, of that trading.
Furthermore, those trades have exactly the kind of non-algorithmic softness that omk talks about: if an algorithm makes a trade which is obviously incorrect, you can ask the exchange to bust it.