HSBC's Childe: Back-Testing Key to Mitigate Algo Failures
Responding to a question from the audience during the Canary Wharf, London-hosted event, which indirectly referenced the almost terminal losses incurred by Knight Capital during a trading glitch this summer, one panelist emphasized the importance of utilizing correct testing criteria and information for algorithmic strategies.
"Back-testing is a topic in its own right, and those issues stem from operational risk, technology risk, and a cultural basis," said Barry Childe, head of research and
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