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  • When positions and exposures cannot be determined rapidly--as was the case, for example, when program trades overwhelmed the system during the 1987 stock market crash--potential outcomes include highly risk-averse behavior by market participants, sharp declines in market liquidity, and high volatility in asset prices.

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  • That said, this is not a charity or a non-profit, rather an educational program within a specific niche, giving a crash course to talented personnel who, in many cases, already possess the basic skills to break into the tech sphere.

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