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Prof. Richard Sylla on last week's technology glitch at Nasdaq

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Excerpt from AP TV -- "I think the lesson of these recent trading problems...is that everybody who's using them has to check on the software and the people have to be highly trained who are pressing the buttons to execute the trades or the algorithms they build in the trading strategies. So a lot more work has to go into making sure those things don't have errors in them. I don't think the problem can go away entirely, but I think some of it is avoidable and it will cost them a little money, but they need to spend that money because the whole market system is involved in this and if people lose confidence in the markets, then these very important markets won't function as well as they should and our economy will be the worse for it."

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