[This message was posted by Jaime Romanini of MetaGen <jroma...@metagen.cl> to the "Algorithmic Trading" discussion forum at http://fixprotocol.org/discuss/31. You can reply to it on-line at http://fixprotocol.org/discuss/read/53893579 - PLEASE DO NOT REPLY BY MAIL.]
Indeed, in my point of view The algorithms must not be controlled by algorithms, but the market monitoring or risk management that should be a completely independent infrastructure. Regards Jaime Romanini > It's an interesting, and reasonable, question, but it doesn't make sense > to position this as a problem with the experience level of the users of > the algorithms - it seems to me that this is more a question of needing > better risk management capabilities on the side of the systems that are > interacting with the algorithms. > > > May 7, 2010 Katherine Heires @ securitiesindustry.com > > > > While trading algorithms are regularly praised for their speed and > > efficiency, a growing contingent of professional traders, financial > > engineers, consultants and academics say they are being misused, or > > are faulty from the start. Their answer? Establish best practices and > > increase training to keep algorithms from doing more damage than good. > > > > The impetus for the movement is the fear that the availability of > > sophisticated trading strategies to a wider audience with varying > > levels of expertise could cause havoc in the markets--and already has, > > in the view of many.(...) [You can unsubscribe from this discussion group by sending a message to mailto:unsubscribe+100932...@fixprotocol.org] -- You received this message because you are subscribed to the Google Groups "Financial Information eXchange" group. To post to this group, send email to fix-proto...@googlegroups.com. To unsubscribe from this group, send email to fix-protocol+unsubscr...@googlegroups.com. For more options, visit this group at http://groups.google.com/group/fix-protocol?hl=en.
