We’re moving, as Johnson and colleagues put it, “from a mixed phase of humans and machines, in which humans have time to assess information and act, to an ultrafast all-machine phase in which machines dictate price changes.” We’re crossing a boundary into a trading twilight zone, and doing so without much thought or awareness of the potential dangers.
The skies are going to look very different pretty soon, and it’s been a long time coming. Congress finally passed a spending bill for the Federal Aviation Administration, allocating $63.4 billion for modernizing the country’s air traffic control systems and expanding airspace for unmanned planes within three and a half years.
By Sept. 30, 2015, drones will have to have access to U.S. airspace that is currently reserved for piloted aircraft. This applies to military, commercial and privately owned drones — so it could mean a major increase in unmanned aircraft winging through our airspace. That’s airspace to be shared with airliners, cargo planes and small private aircraft.