High-frequency trading.
Futurist Brian David Johnson describes his job as a “futurehunter” and his fascination with both algorithmic trading and high-frequency trading (HFT) in this excerpt from Humanity in the Machine: What Comes after Greed?. Both methods use computer programs to automate and accelerate the execution of certain financial transactions. Yet heavy reliance on such technology in the finance world can be dangerous—the Flash Crash of 2010 cited by Johnson stands out as a prominent example.
Continue reading… “The dangers of stock trading with highly automated systems”
