# Prof. Richard Sylla on the recent trading glitch at Nasdaq

1 Faculty News August 22, 2013 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](http://online.wsj.com/article/SB10001424127887323980604579029342001534148.html) -- "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](http://www.stern.nyu.edu/faculty/bio/richard-sylla) of New York University's Stern School of Business."

[Read more](http://online.wsj.com/article/SB10001424127887323980604579029342001534148.html)