Yet no such standards exist for the engineers who develop the automated-trading software upon which our stock, bond and futures markets depend every day.
Though his Dayton, Ohio-headquartered outfit last year sold computer hardware, database software, retail checkout scanners and automated teller machines, it no longer dominates any major markets.
Davis, Kumiega and Van Vliet point out that automated finance unites three professions financial engineers, software engineers and computer engineers but has no one taking ultimate responsibility.