{"id":30912,"date":"2016-10-10T01:47:26","date_gmt":"2016-10-10T08:47:26","guid":{"rendered":"http:\/\/lifeboat.com\/blog\/2016\/10\/sterlings-flash-crash-was-long-overdue-and-there-will-be-many-more"},"modified":"2017-04-24T19:30:00","modified_gmt":"2017-04-25T02:30:00","slug":"sterlings-flash-crash-was-long-overdue-and-there-will-be-many-more","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2016\/10\/sterlings-flash-crash-was-long-overdue-and-there-will-be-many-more","title":{"rendered":"Sterling\u2019s Flash Crash was long overdue\u2014and there will be many more"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/sterlings-flash-crash-was-long-overdue-and-there-will-be-many-more.jpg\"><\/a><\/p>\n<p>Researchers at Sapience.org foresee market instability intensifying by the computer trading \u2018arms race\u2019<\/p>\n<p>FOR IMMEDIATE RELEASE<\/p>\n<p>Last Friday the sterling has experienced a dramatic, ultrafast crash. It lost 10% of its value in minutes after the Asian markets opened \u2014 a decline usually reserved to declarations of war, major earthquakes and global catastrophes \u2014 and bounced right back. Although the affected exchanges are yet to release the details, computer trading algorithms almost certainly played a key role. Just like the 2010 Flash Crash, yesterday\u2019s event is characteristic to Ultrafast Extreme Events[1]: split-second spikes in trade caused by ever smarter algorithms razor-focused on making ever-quicker profits. But the arms race is only likely to intensify as computing speed accelerates and AI algorithms become more intelligent.<\/p>\n<p><!-- Link: <a href=\"http:\/\/sapience.org\/posts\/sterlingflashcrash\/\">http:\/\/sapience.org\/posts\/sterlingflashcrash\/<\/a> --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Researchers at Sapience.org foresee market instability intensifying by the computer trading \u2018arms race\u2019 FOR IMMEDIATE RELEASE Last Friday the sterling has experienced a dramatic, ultrafast crash. It lost 10% of its value in minutes after the Asian markets opened \u2014 a decline usually reserved to declarations of war, major earthquakes and global catastrophes \u2014 and [\u2026]<\/p>\n","protected":false},"author":109,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1523,41,6],"tags":[],"class_list":["post-30912","post","type-post","status-publish","format-standard","hentry","category-computing","category-information-science","category-robotics-ai"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/30912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/109"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=30912"}],"version-history":[{"count":2,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/30912\/revisions"}],"predecessor-version":[{"id":49756,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/30912\/revisions\/49756"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=30912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=30912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=30912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}