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And the Brady Commission did a report on that stock market drop, and concluded that program trading, computer trading, had played a big role in the drop.
Bradley Manning came to a dramatic conclusion Tuesday when the computer hacker who turned him in to the authorities took the stand to explain his role in the investigation, revealing at one point that he was simultaneously trading computer messages with Private Manning while sharing information from those chats with the authorities.
After last month's flash crash, when the Dow Jones unexpectedly plummeted nearly 600 points and then rebounded within 15 minutes, the regulatory agency put much of the blame squarely on aggressive selling by a high-frequency trading computer.
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In what's called nondiscretionary trading, computers both find the inefficiencies and execute the trades.
Some firms are now placing their trading computers in the same buildings that house computers used by exchanges to host markets.
But today, about 50%-70 50%-70ily trading volume is from the "high frequency" trading computers.
Aras Agalarov got his start trading computers, but saw greater business potential in trade fairs.
Co-locationService High-frequency traders place trading computers in data centers that house exchange's computer servers.
At the London Metal Exchange - owned by China since it was bought by the Hong Kong Stock Exchange three years ago - the shouts of traders haven't been replaced by the silent hum of trading computers.
How do you track these transaction unless you have a Financial Acivity System that captures the trading, especially when some compabnies like Goldman-Sachs have trading computers that literally operate at the speed of light?
The volume could include the NYSE's own electronic trading computers housed at an undisclosed location.
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