“Ethical Markets highly recommends this video, with thanks to our Advisory Board members: Kim Ann Curtin, author of Transforming Wall Street (2015) and Dave Lauer, of Healthy Markets, also our partner. This is the best yet exposing high frequency trading, algorithms and the backstory, as also described in my “Perspectives on Reforming Electronic Markets and Trading” for the UN Inquiry on Design of a Sustainable Financial System www.unepinquiry.org and my “Artificial Intelligence + Algorithms = Assumptions!”, also on www.ethicalmarkets.com ~Hazel Henderson, Editor”
A thriller about a genius algorithm builder who dared to stand up against Wall Street. Haim Bodek, aka The Algo Arms Dealer. – https://youtu.be/kFQJNeQDDHA
From the makers of the much-praised Quants: the Alchemists of Wall Street and Money & Speed: Inside the Black Box. Now the long-awaited final episode of a trilogy in search of the winners and losers of the tech revolution on Wall Street. Could mankind lose control of this increasingly complex system?
Trading on the financial market is not longer dominated by humans, but by super fast computers and algorithms. The result of this digital revolution on Wall Street is a complex and fragmented financial system that is hard to understand and overseen. A system that we are all connected to: for instance when you buy Apple stock or indirect because your pension is invested through these markets. The only people who understand the system a bit, are the people who built it: the builders of the algorithms.
Haim Bodek is one of those builders. He started his own high frequency trading in 2007 and built a from his point of view perfect and fast algorithm. One day it just stopped working. Profits disappeared en he went looking for the cause. He decided to go public with his search to display the rotten system.
Director: Marije Meerman
VPRO Backlight November 2013
Our globalized world causes societies, economies and cultures to seek a new balance. VPRO Documentaries reflects on this with new features every week. We research subjects like politics, world economy, society and science with experts and try to grasp the essence of prominent trends and developments.