HISPI Project Cerebellum HISPI PROJECT CEREBELLUM

Flash Crash of 2010: Highlighting the Importance of Safe and Secure AI in Trading Algorithms

The arrest of a UK speed trader over his role in the 2010 'flash crash' underscores the need for trustworthy AI in high-frequency trading. This AI incident maps to the Govern function in HISPI Project Cerebellum Trusted AI Model (TAIM).JOIN US Preventing such incidents is crucial for maintaining a stable financial market and preserving investor trust. Join us in promoting responsible AI governance.

Source

Data from the AI Incident Database (AIID). Cite this incident: https://incidentdatabase.ai/cite/28

Data source

Incident data is from the AI Incident Database (AIID).

When citing the database as a whole, please use:

McGregor, S. (2021) Preventing Repeated Real World AI Failures by Cataloging Incidents: The AI Incident Database. In Proceedings of the Thirty-Third Annual Conference on Innovative Applications of Artificial Intelligence (IAAI-21). Virtual Conference.

Pre-print on arXiv · Database snapshots & citation guide

We use weekly snapshots of the AIID for stable reference. For the official suggested citation of a specific incident, use the “Cite this incident” link on each incident page.