Knight Capital and High Speed Trading on Wall Street

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167x120 image for tp120806knight_capital_and_hThe Wall Street market maker Knight Capital is back in business today, at a much-reduced value, despite the chaos caused by a computer malfunction last week. This latest incident reveals how computerized algorithms control the financial markets.  What's their role in retail customer service — and choosing the next pop music star?

Credits

Guests:
Felix Salmon - Host of the Slate Money podcast, WIRED - @felixsalmon, Chris Steiner - author - @SteinerWriter , Terrance Odean - University of California, Berkeley

Host:
Warren Olney

Producers:
Anna Scott, Sonya Geis, Caitlin Shamberg, Daniel Rothberg