ML Engineer MasterClass (April) | 6 seats left

Risk Management Systems and Circuit Breakers

Risk Management Systems and Circuit Breakers

Risk Management Systems and Circuit Breakers

On August 1st, 2012, Knight Capital Group deployed a software update that accidentally reactivated a dormant trading algorithm. In 45 minutes, it sent millions of erroneous orders into the market, accumulated a $7 billion unintended position, and generated a $440 million loss. The firm nearly ceased to exist. A risk system with a simple position limit and an automated kill switch would have ...

Unlock the full lesson

Created by interviewers from Google and Meta. Master every concept you need to land your dream role.

All courses — Data, ML/AI & Quant
Unlimited coding submissions
Hands-on projects with real datasets
Detailed solutions in text & video
Monthly content updates
Join Premium