Was software responsible for the financial crisis? | Technology | The Guardian - The Diigo Meta page

• 26 Jan 13
  

  Tom Liam Lynch
• 08 Dec 08
  

  Michel Bauwens

  Amid all the fallout from the financial turmoil, one group has yet to feel the accusing finger of blame: the analysts who built the computer software that drove the derivatives markets that, in turn, drove the financial collapse.

  Meltdown P2P

• 29 Oct 08
  

  hubert guillaud

  Dans la quête des causes et des responsables de la crise financière on retrouve... les logiciels de traitement d'ordres, et notamment les algorithmes de transaction automatisées. En 2008,, ce sont surtout les logiciels de mesure du risque qui sont mis en

  internetactu2net internetactu

• 16 Oct 08
  

  harry palmer

  hello-oblivion quants crash thevault us-economy sick-britain

  • The people who write the algorithms that drive the software are called quantities analysts, often referred to simply as "quants". They are generally physics and mathematics graduates working in risk management - calculating whether a given deal is a good idea - and derivatives pricing, which entails putting a figure on trades that in effect bet on other trades. It's enormously complex, which is why only the quants could understand it - if, that is, they did. History now suggests they didn't.

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