8 May 2010 - market glitches

To drive with confidence, accelerate to 300kph and blacken your windows. You won’t worry about hitting anything, and if you do, you’ll never know about it. The same plan works to preserve investor confidence in the stock market in the face of program trading. It’s not something that we have to worry about; it will happen naturally as machines take over the world. As soon as they have enough control, they’ll stop telling us about the little glitches.