Ghost in the Machine?
BEFORE THE SPIN
While we in the media frequently portray the securities industry as hurling itself blindly into automation, reality has a way of reminding us of just how important human intervention is, and will be for a long time.
Take, for instance, the halt in the Globex trading of Eurodollar futures on the Chicago Mercantile Exchange this past Thursday, April 14, because of a technical problem. All was not lost because trading continued via old-fashioned open-outcry trading. Exactly one week earlier, the
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