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People make massive mistakes all the time. http://dealbook.nytimes.com/2012/06/28/jpmorgan-trading-loss-may-reach-9-billion/ http://dealbook.nytimes.com/2012/0
by Permit 14y ago
People make massive mistakes all the time.
http://dealbook.nytimes.com/2012/06/28/jpmorgan-trading-loss-may-reach-9-billion/ http://dealbook.nytimes.com/2012/06/28/jpmorgan-trading-loss...
- harshreality 14y agoWhat would happen if a computer trading operation used the JPMorgan London unit's flawed risk model and a computer executed trades based on it as many times as the algo saw "opportunities"... until the humans who created the model noticed a problem with it? Tens of billions? Hundreds?