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Justin Grant
Justin Grant
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Wall Street’s 5 Biggest Tech Fails

As the Knight Capital trading fiasco once again proved, in the race to be first, crashes will happen. But slowing down today’s high-speed marketplace would be akin to going back to the Stone Ages for market participants. High-speed trading is here to stay, and strategies will continue to grow more complex. But over the past two years, there have been a number of high-profile incidents in which an inability to harness the latest technologies that power our markets has cost industry players
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SEC Sanctions Direct Edge for Weak Internal Controls, Oct. 13, 2011

The nation’s securities regulator said weak internal controls at Direct Edge caused millions of dollars in trading losses and a systems outage. Untested computer code changes led to unwanted trades involving nearly 27 million shares in 1,000 stocks, totaling roughly $773 million. Direct Edge settled the matter with the SEC without admitting wrongdoing.

[TMX Aims To Acquire Direct Edge Holdings]

 

As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio

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