alt Hacker NewsBanking software is extremely regulated and controlled, both by governments and within the industry itself (one small mistake can wipe out entire institutions within a day: https://en.wikipedia.org/wiki/Knight_Capital_Group, banks are extremely risk-averse with technology). So likely they were comfortable using agents to _read_ their code but not to write it.
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jgalt212 • yesterday at 11:04 PM
I can't for the life of me figure out why Knight didn't DK those trades. Exchanges cancel trades all the time.
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So critical that the work is done in-house. Contractors are for audits. I wonder what’s going on here.
The people who didn’t immediately reduce headcount are all busy rewriting their stack from the ground up and you won’t hear much from them right now.