How the NYSE runs and microtrading
Posted: Tue Jan 04, 2011 11:51 pm
Definitely take a look at these articles if you get a chance. Funny how the guys talk about the data centers... I have been in much better data centers than the ones they are speaking of... and that scares me.
CBS - Robot Traders of the NYSE
http://www.youtube.com/watch?v=8-Xx4oCDTgo[/video]
CBS - Robot Traders of the NYSE
Datacenter Knowledge - What The ‘New Heart of Wall Street’ Looks LikeIn Steve Kroft's "60 Minutes" report on high-frequency trading, you heard how most stock trades in the U.S. are no longer made by humans, but by computers capable of buying and selling stocks at warp speed.
High-frequency trading played a supporting role in the mini market crash last spring that saw the Dow Jones industrial average plunge 600 points in 15 minutes, and yet most people know very little about this type of high-speed automated trading.
http://www.youtube.com/watch?v=8-Xx4oCDTgo[/video]