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Benedicte Gravrand, Opalesque Europe:
Opalesque reports « live » from Terrapinn's High Frequency Trading World conference in London.
The HFT space: attach your seat belts
Things are changing so fast that "we must get used to the 'blur'," said Bob Giffords, an independent banking and technology analyst, at the conference on Monday. Giffords was referring to a recently published book titled 'Blur: The Speed of Change in the Connected Economy' (Stan Davis, Grand Central Publishing, 1999). "Things are not so straightforward anymore," he said.
Giffords also predicted more black swans in the future (as for example, the 6th May "flash crash"), as the world is now "more fragile." Nassim Taleb's Black Swan Theory is about the disproportionate role of high-impact, hard to predict, and rare events in history, science, finance and technology.
Just as the 20th century saw great cities being built, the 21st century will be the stage for great cyber cities. 'Cyber' is a prefix that means 'computer' or 'computer network.' Data centres, the building blocks of such places, will have to face challenges in the realm of the commercial (where for example, custome...................... To view our full article Click here
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