The Wall Street Code (vpro backlight documentary) | Forex
Information | Currency | Markets | Fx | Video | Assets | Lesson | Trading
A thriller about a genius algorithm builder who dared to stand up against Wall Street. Haim Bodek, aka The Algo Arms Dealer. 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. So subscribe to our channel and we will be delighted to share our adventures with you! Visit additional youtube channels bij vpro broadcast: vpro Broadcast: https://www.youtube.com/channel/UC75PWWQrls0z6fh0loY5I4Q vpro Metropolis: https://www.youtube.com/channel/UCpnazGScKQfGauk7YNyI21w vpro Documentary: https://www.youtube.com/channel/UC9sXw4ZdPEIp6bYGvLW-_iA vpro World Stories: https://www.youtube.com/channel/UCqJ6GC0klkbFuQa-0ZePqkQ vpro Extra: https://www.youtube.com/channel/UCTLrhK07g6LP-JtT0VVE56A vpro VG (world music): https://www.youtube.com/channel/UC-KX3q7zIz7s2rjooBfl6Nw vpro 3voor12 (alternative music): https://www.youtube.com/channel/UC-p9faJQsBObRNiKY8QF2NQ vpro 3voor12 extra (music stories): https://www.youtube.com/channel/UCtgVYRLGraeL9rGMiM3rBHA
Comments
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Lucci!!!!!White walls, dude!!!
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Very entertaining
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I watched this video and still don't know what they were talking about.
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Warren Buffet uses a newspaper and is worth €70b.
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This video was uploaded in 2013, most probably made even earlier, but they doing this for 10+ years. To be frank I rather have smaller spread with bit smaller range, than unable to get out.
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soon when all this shit finance market collapses all millions fucking traders will starving to death
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Хорошее видео
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This Documentary shows why the @Ethereum project is so important!
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what happened to 800 billion
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Thank you for this. Genius. I think it was the one percent...Walmart family...who sold and caused a crash/trend...or someone with equal and more power owning enough shares and using code.
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it's about knowing the market and knowing market Is about knowing the human being's behaviors, and human being's behaviors cannot be fully explained or calculated by coding...only man can do this job.
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As one of the guys says, if people would know, they would do something about it. Why people don't know? Media do not inform them about it. But lucky we are to know when celebrities fart. :D Love VPRO. Keep the good work going.
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Why you dont leave free to community put subtitles? you can review before release the text
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30:23 HF traders don't wait the dumb money from pensions funds or mutual to come, they just trade among side another HFT.... that is just stupid, this video misleading some facts... (not on purpose) is true the flash crash was due HFT bug and order pulling out but that was take care of and is very unlike that happen again... also don't forget that those days was the Greek crisis and the credit crunch crisis in all the EU.
Is High frequency trading a bad thing? well new tech will be always a disruptive pattern of cause and effect in society,I would say is either bad or good it just there, and probably there is inherent downside in all the financial markets aspect, (before HFT)I if a new tech can correct this and make a little better well it should be welcomed... but in essence HFT is jut trading security but with a different timing/speed and space zone is like a paparell universe of the money market that take place on the financial markets. -
Essentially theft is allowed if one is of the right tribe. How rapacious is the LBO tribe? They have actually attempted to change the name of their industry, that is how ugly the facts are. It is specious to call it Private Equity. Same with HFT. It is just front running. Yet for the commoner, front running is illegal! What a joke!
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You always here of Kurzweil and the likes talking about the implications of AI on the world- what would it make of this? If a flash crash is any indication of the box the algos opened... AI and the singularity... it's blowing my mind thinking about it.
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So he knows HTML and CSS, lol. This is a great doc though
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the guy look like aang from avatar
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Haim Bodek is Billy Corgan's twin brother