Oil crash pits floor veterans versus computer algorithms - Reuters

By David Sheppard, Emma Farge and Jonathan Spicer NEW YORK (Reuters) - A day after oil prices plunged an unprecedented $12 a barrel, a New York trader sat on the steps of the dormant oil futures pit, playing a word game on his tablet computer. Back...

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NEW YORK (Reuters) - A day after oil prices plunged an unprecedented $12 a barrel, a New York trader sat on the steps of the dormant oil futures pit, playing a word game on his tablet computer. Back to business as usual for floor traders, a vanishing breed in a market now dominated by machines and algorithms, a fact that some of them say worsened one of the most shocking -- and baffling -- trading sessions ever.

Oil crash pits floor veterans versus computer algorithms - Reuters