| 73Q Music Videos | Vote On Clips | Submit | Login   |

Reddit Digg Stumble Facebook
Desc:Basically, some exchanges (like BATS) are pulling a Richard Pryor from Superman 3
Category:News & Politics, Science & Technology
Tags:stock market, automation replacing humans, not illegal, hft
View Ratings
Register to vote for this video
Favorited 1 Time

People Who Liked This Video Also Liked:
Drew: The Sitcom
Naked Man Attacks 3 Cops 'Ninja Style'
Coming Out to My Mom
Hansen vs Predator EP 1
Japanese girl struggles with eyeliner
Freudian Slip on Iron Chef
Fat child in a dance-trance
Squid Cam
Ultimate Skyrim
Comment count is 13
Binro the Heretic - 2014-04-03
I heard about this on "Fresh Air" yesterday and already have the book on my Kindle. I'm looking forward to reading it.

It seems like it's going to be excellent rage fuel.
chumbucket - 2014-04-03
and this is surprising?
Old_Zircon - 2014-04-03
I honestly expected this to be from the 90s, because that's when I first started noticing people in the press talk about this.

badideasinaction - 2014-04-03
I checked the date too - that %50 computerized trading number seems awfully low. I thought is was more like %80, unless I'm thinking of a different "why the market is rigged" stat that came about during the 2008 crisis.

The worst part of all of this is computerized trading loves instability, so it's in their best interests if the market rises and crashes as much as possible.

Old_Zircon - 2014-04-03
Well, not this specific gambit, but the general impact of high speed trading on the traditional stock market.

SteamPoweredKleenex - 2014-04-03
The scary thing is how these assholes don't even understand it.

Investing is nothing of the kind anymore. It's just shuffling numbers around to make your totals bigger, and cheating is becoming the norm because those who have been screwing everyone else can't even tell when they themselves are being had.

Old_Zircon - 2014-04-04
One of the better things in Jaron Lanier's most recent book is his discussions of the impact of computers on markets in general, things like this but also stuff like what happens when the automatic price undercutting algorithms used by online retailers like amazon form feedback loops and end up creating prices that have nothing to do with actual market conditions. There are a lot of problems with it, but that stuff, the discussion of innovation in terms of topology, and the stuff about the 70s New Age/Human Potential Movement's influence on ideas about the singularity and the overall libertarianish techno-utopian beliefs that are behind so much of what happens in Silicon Valley (both the place and the larger culture that it represents) and how the web and information technology in general are evolving all make it worth slogging through some of the more harebrained parts.

That guy - 2014-04-03
I'd been meaning to find a story on this for a while; thanks.
Azmo23 - 2014-04-03
i tried to submit a cnbc video also "The Great HFT Debate", but it is stuck in hopper limbo with just 2 votes

Jet Bin Fever - 2014-04-03
It'll never be regulated. Something would have to go horribly horribly wrong for people to even care.
Jet Bin Fever - 2014-04-03
I mean, global financial collapse type wrong.

Nominal - 2014-04-04
Magic the Gathering Exchange wrong?

Nikon - 2014-04-04
Register or login To Post a Comment

Video content copyright the respective clip/station owners please see hosting site for more information.
Privacy Statement