Research and analysis

Computer trading: global financial markets

Report exploring how the global financial markets should be engineered and managed in future.

• From: Government Office for Science
• Published: 8 October 2011

Documents

The global financial markets: an ultra-large scale systems perspective (DR4)

Ref: BIS/11/1223

PDF, 1.13 MB, 48 pages

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Details

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.

Published 8 October 2011