Each AT system is a piece, a proprietary technological component, of the global trading network. The performance of such components affects potentially all markets, either directly or indirectly. An out-of-control AT system can flood a market or markets with order requests on a time-scale that precludes human intervention. Such flooding can affect market prices, the profitability of other trading firms and exchanges, as well as societal confidence in the sustainability and safety of the financial markets. The strategic or technological failure of an AT system could be catastrophic for these stakeholders in the global trading network.