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A comment on Behind the Market Swoon: The Herdlike Behavior of Computerized Trading. Parent comment

Re:Behind the Market Swoon: The Herdlike Behavior of Compute... by xapata on Wednesday December 26, 2018 @09:28PM (#18766784)
There have been others. Plus there's some enjoyable literature if you're curious. Mark Buchanan has a nice blog and some links. The gist of it is that in the low latency space the ratio of players to possible strategies is too high.
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Re:Behind the Market Swoon: The Herdlike Behavior of Compute... by vasilipupkin on Wednesday December 26, 2018 @10:32PM (#18767045)
if yoi try to tie low latency or algorithmic strategies to volatility, you need to be able to explain multiple years of really low volatility despite all those strategies going on.
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Re:Behind the Market Swoon: The Herdlike Behavior of Compute... by xapata on Thursday December 27, 2018 @01:41AM (#18767872)
Low volatility according to what measure? I don't keep up with the literature anymore, since around 2010/2011, but it'd surprise me if we entered some new regime. Googling for "flash crash" turns up many more examples than just the one you mentioned from 2010.
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