Really good write-up. Perhaps there's a dawning realization that the model of 'move fast and break things' is fatally flawed? > "Knight’s IT project managers

Really good write-up. Perhaps there's a dawning realization that the model of 'move fast and break things' is fatally flawed? > "Knight’s IT project managers and CIO should have pushed back on the hyper-aggressive delivery schedule... Thirty days to implement, test, and deploy major changes to an algorithmic trading system that is used to make markets daily worth billions of dollars is impulsive, naive, and reckless." The fact that since 2008, the portion of all stock trades in the U.S. taking place away from public markets has risen from 15 percent to more than 40 percent is also kind of astonishing. It's long past time to re-erect the walls between commercial and investment banking.