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SEC/FINRA have required practices. The risk controls have to be firewalled from the trading desks precisely so that this type of blowup is contained.
by veyron 14y ago
SEC/FINRA have required practices. The risk controls have to be firewalled from the trading desks precisely so that this type of blowup is contained.
- dhyasama 14y agoIs that new? Back then it was two devs and two traders in a room. See a problem? Press the big red button. Deploy change. Press the big green button. Cowboy style. I STRONGLY recommend against doing it this way. I was young and stupid and I'm pretty sure it took years off my life.
- veyron 14y agoThe issue regards naked access. At that time the broker had requirements. Now that two-dev shop has to worry about risk etc.