High-Frequency Trading Do Machines Control Wall Street?

Films for the Humanities & Sciences (Firm) (Added Author). Films Media Group (Added Author). Java (Firm) (Added Author).

Summary: Although it isn't a widely-acknowledged practice, many experts predict that high-frequency trading, invented by Wall Street firms at the turn of the 21st century, will lead to the next financial crisis. This program illustrates the basic principles of HFT, whereby a large number of computers are interconnected in order to purchase and sell thousands of market shares every microsecond, with no human control or regulation, for maximum profit. Viewers are taken inside a manic world dominated by machines - or, more precisely, by elaborate algorithms carefully developed by mathematicians. But how secure is this high-tech wonderland? The film also examines the possibility that software can break down and create what's known as a flash crash, an instantaneous market collapse. To borrow from another story of illusory genius - pay no attention to that machine behind the curtain! ?

Record details

Physical Description: 1 streaming video file (55 min.) : sd., col.
remote
electronic resource (video)
Publisher: New York, N.Y. : Films Media Group, [2013], c2012.

Content descriptions

General Note:	Encoded with permission for digital streaming by Films Media Group on July 17, 2013. Films on Demand is distributed by Films Media Group for Films for the Humanities & Sciences, Cambridge Educational, Meridian Education, and Shopware.
Formatted Contents Note:	Underhand Tactics: High-Frequency Trading (1:32) -- Public Opinions (1:19) -- High-Frequency Trading (3:07) -- Flash Crash (3:20) -- What Caused the Flash Crash? (1:35) -- Robot Traders Panic (1:07) -- Halting the Flash Crash (2:23) -- SEC Explanation (1:03) -- Continued Growth of High-Frequency Trading (1:57) -- Speed and Collocation (0:54) -- NYSE Euronext Interview (2:19) -- AMF: The French Stock Market Authority (1:56) -- Annual Trade Tech Conference in Paris (2:14) -- Jean-Philippe Bouchaud Interview (3:08) -- Sharks Among the High-Frequency Traders (1:29) -- Proprietary Algorithms (1:06) -- Algorithm Theft (3:20) -- In the Room of the High-Speed Traders (2:00) -- Algorithm Creators (2:41) -- Illegal Saturation (1:58) -- Jamming (0:40) -- Regulators Attempt to Halt the High-Speed Fraud (2:40) -- Bluffing (1:25) -- Dutch Trader Fined (1:52) -- Amsterdam Trader (3:13) -- Pirates of Finance (0:56) -- How to Control Abuses? (1:54) -- A Political Solution? (1:32) -- Credits: High-Frequency Trading: Do Machines Control Wall Street? (0:25)
Restrictions on Access Note:	Access requires authentication through Films on Demand.
Target Audience Note:	11 & up.
System Details Note:	Mode of access: Internet. System requirements: FOD playback platform.
Source of Description Note:	Title from distributor's description.