Finance by a Croat

The New York Times has an excellent article on the digitizing of open-outcry trading pits. It briefly covers the vanishing role of human interaction in markets as trading pits all over the world replace humans with computers. Although all-electronic exchanges can operate 24-hours a day and handle significantly more volume, how will they respond in a crisis situation? Exchanges are running a real-time live experiment in this area, and they won’t have to wait too long to find out. Quantitative trading strategies running against each other on electronic exchanges…is this the rise of the financial robots?