Is it worth regulating computer-based trading?
Cass Professor of Finance, Richard Payne, discusses whether the computer-based trading industry should be regulated.
Computer-based trading has been widely blamed for what the New York "flash crash" of May 2010. Wall Street's Dow Jones index lost and then regained around 600 points within half an hour.
However, a recent study by the Department for Business Innovation and Skills has found no direct evidence that computer-based financial trading has led to increased volatility or abuse of the market.
In this week's episode of Cass Talks, Cass Professor of Finance, Richard Payne reveals his insights into computer-based trading and discusses whether the industry should be regulated.