Faculty News

Prof. Richard Sylla on the recent trading glitch at Nasdaq

Excerpt from The Wall Street Journal -- "While some traders and economists shrug their shoulders and write off recent problems—such as this week's options trading snafu or the 2010 'flash crash'—as the price of progress, others say the problems are becoming so widespread that exchanges and big firms need to be held to a higher standard. 'It shows that corners are being cut and not enough is being spent on testing these systems,' said financial historian Richard Sylla of New York University's Stern School of Business."

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