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The Sub1 robot was a reminder that in some cases no human could ever complete at that speed, much like automated trader algorithms trading in milliseconds on the financial stock markets.
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Rather, they involved manual day traders illegally targeting automated traders.
Lack of liquidity is a very common reason for market failure, which is why many financial and economic markets have automated traders to ensure that there is a trade as long as there is a single bidder who sets a reasonable price.
It is claimed the trader used automated computer programmes to manipulate share prices.
The traditional players like grain elevators or cotton merchants are being overshadowed by the new breed of financial speculators, including high-frequency traders, who use automated programs to buy and sell repeatedly at machine-gun speeds.
Supercomputing technology also finds its way into mainstream business; oil and gas companies use it to find reservoirs and Wall Street traders use it for superquick automated trades.
It is claimed the trader, from Hounslow, west London, used automated computer programmes to manipulate share prices.
George M. L. LaBranche IV, the chief executive, whose grandfather founded the firm during the 1920s stock boom, failed to counter a slump in revenue as John A. Thain, chief of NYSE Euronext, automated much of the work done by floor traders.
Aiming to provide a superior customer experience to its traders, the company revamped its IT infrastructure to deliver a fully automated screen-based electronic trading system which offers a host of facilities to investors across the country.
Automated trading systems that exploit tiny flaws in the market and encourage volatility make it impossible for traditional traders to keep prices stable and hedge against spikes.
Automated recklessness?
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