Algorithmic Suicide: The Forty-Five Minute Collapse of Knight Capital

How can a dominant, multi-billion-dollar Wall Street trading firm be completely eradicated from existence in exactly forty-five minutes, without a single human making a conscious trade? The collapse of Knight Capital in 2012 is a terrifying masterclass in the absolute fragility of algorithmic high-frequency trading. When technicians deployed a new software update to the company's servers, they a...