Report exploring how the global financial markets should be engineered and managed in future.
Ref: BIS/11/1223 PDF, 1.13MB, 48 pages
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In recent years, the global financial markets have become a complex adaptive ultra-large-scale socio-technical system-of-systems. This report looks at the lessons from the ‘Flash Crash’ in May 2010 and reviews new tools, techniques and practices which could prevent such failures from re-occurring.
This review was commissioned as part of the Foresight project on the future of computer trading.