Marketplace Tech for Wednesday, September 11, 2013
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In a study published today, researchers at the University of Miami say that, thanks to modern computing technologies, extreme events in financial markets, that often happen within a few milliseconds, are on the rise. And Apple announced a host of new products this week. Two new iPhones, a new operating system iOS 7, and a streaming music service iTunes Radio. But the announcement that might truly push the boundaries of modern technology is the company's new fingerprint scanning tool. Apple's new iPhones have scanning hardware and software that will unlock the phone itself. It also could unlock new legal and hacking challenges.
Posted In: high speed trading, glitches, flash crash
Competing algorithms could be the culprit. And a new study says they're on the rise.