Book contents
- Reviews
- Algo Bots and the Law
- Algo Bots and the Law
- Copyright page
- Contents
- Preface
- Introduction
- 1 Key Concepts: Algorithms, Artificial Intelligence, and More
- 2 Economic Definitions of Common Derivatives
- 3 Legal and Regulatory Definitions of Derivatives and Other Financial Instruments
- 4 FinTech: From Science Fiction to Non-Fiction
- 5 The Regulatory Framework for the US Derivatives Markets
- 6 Gateways to the Futures Markets – FCMs
- 7 Collective Investment Vehicles and Investment Advisors
- 8 Salespeople, Supervisors, Owners, and Enumerated Others
- 9 Trading Floor Denizens
- 10 Regulating Digital Intermediaries
- 11 States of Mind: From Zero to Specific Intent
- 12 Market Manipulation: Then and Now
- 13 Fraud Is Many Things (for Humans and Robots)
- 14 Disruptive Trading Practices
- 15 Spoofing: Market Disruption Made Easy by Technology
- 16 Adequately Supervising the Overseers of Algo Bots
- 17 Flash Events
- 18 Algo Bots All over the World
- 19 Conclusion
- Index
8 - Salespeople, Supervisors, Owners, and Enumerated Others
Published online by Cambridge University Press: 02 October 2020
- Reviews
- Algo Bots and the Law
- Algo Bots and the Law
- Copyright page
- Contents
- Preface
- Introduction
- 1 Key Concepts: Algorithms, Artificial Intelligence, and More
- 2 Economic Definitions of Common Derivatives
- 3 Legal and Regulatory Definitions of Derivatives and Other Financial Instruments
- 4 FinTech: From Science Fiction to Non-Fiction
- 5 The Regulatory Framework for the US Derivatives Markets
- 6 Gateways to the Futures Markets – FCMs
- 7 Collective Investment Vehicles and Investment Advisors
- 8 Salespeople, Supervisors, Owners, and Enumerated Others
- 9 Trading Floor Denizens
- 10 Regulating Digital Intermediaries
- 11 States of Mind: From Zero to Specific Intent
- 12 Market Manipulation: Then and Now
- 13 Fraud Is Many Things (for Humans and Robots)
- 14 Disruptive Trading Practices
- 15 Spoofing: Market Disruption Made Easy by Technology
- 16 Adequately Supervising the Overseers of Algo Bots
- 17 Flash Events
- 18 Algo Bots All over the World
- 19 Conclusion
- Index
Summary
Imagine a world filled with sales robots that follow humans on the street while displaying a continuous stream of advertisements and commercials. Or imagine a place where robots try to sell their services to humans in a hyperaggressive fashion, without stopping their sales pitches even after being refused, on the grounds that they only obey their owners, so they will only follow the instructions (such as “go away”) of people who agree to purchase them. Science fiction writer Philip K. Dick dreamed up just such a world in his short story Sales Pitch, which was originally published in Future Science Fiction magazine in 1954.
Keywords
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- Chapter
- Information
- Algo Bots and the LawTechnology, Automation, and the Regulation of Futures and Other Derivatives, pp. 229 - 237Publisher: Cambridge University PressPrint publication year: 2020