Louise Hertzog, 54, program trader
, and a resident of Jeffersonville, Pennsylvania.
But me-too program traders
in the options market did execute several orders based on the bad futures market data.
Some analysts said program traders
could have been buying back futures with the euro above 112 yen in the afternoon, compared with a low of 111.
were the early electronic whiz kids until critics pinned the blame on them for the 1987 crash and market circuit breakers limited their influence.
Because unwittingly they are pandering to program traders
and they're creating a playing field that is absolutely impossible for fundamental investors.
We are disuniting into a society of program traders
, Think Pads, and the Internet at one extreme--and crack, Uzis, and three-strikes-you're-out on the other.