Keeping the robots honest

Human overseers are in short supply in an arena where losses can be crippling in minutes

surveillance-robot

The robots need minding. But the human monitors needed to make algorithmic trading safe are in short supply.  

“There’s no script for algo trading risk management,” said Jason Conn, head of electronic trading operational risk management at Citi, at the OpRisk North America conference on June 18. “We know some of our peers are doing it differently. Some have engaged model risk teams and some have not.”

Conn said the lack of historical data and personnel was holding back the effort. While banks

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: