Market participants are rallying to come to grips with three technology glitches that nearly destabilized the markets. I'm talking about a software error that forced BATS to pull its initial public offering in March, technical problems at Nasdaq that messed up Facebook's IPO in May, and Knight Capital's $440 million loss tied to errant software code in August. Altogether, these incidents have raised doubts about how market participants design, test and implement new automated trading systems before they go into production.
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