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    Back to To the Point

    To the Point

    Algorithms on Wall Street and in the Rest of Our Lives

    Knight Capital is a so-called "market maker," using high-speed computers to keep Wall Street fair and orderly. Last week it created chaos instead. It's the latest in a series of computer malfunctions that are giving some investors the jitters by trading stocks faster than the human brain can function.

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    By Warren Olney • May 12, 2014 • 1 min read

    Knight Capital is a so-called "market maker," using high-speed computers to keep Wall Street fair and orderly. Last week it created chaos instead. It's the latest in a series of computer malfunctions that are giving some investors the jitters by trading stocks faster than the human brain can function. Have the benefits of fast trading reached their limits? What's the role of computer algorithms in other parts of our lives? You may be surprised.

    The full episode

    2 of 3
    Knight Capital and High Speed Trading on Wall Street
    1. 0:00Shooter Kills Six at Sikh Temple in Oak Creek
    2. 14:32Algorithms on Wall Street and in the Rest of Our LivesYou’re reading this
    3. 40:05'Curiosity' Lands Safely on the Red Planet
    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Warren Olney

      former KCRW broadcaster

    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Caitlin Shamberg

      KCRW

    • KCRW placeholder

      Christian Bordal

      Managing Producer, Greater LA

    • Sonya Geis with wavy brown hair wearing a black dress with red accents and decorative earrings against a white background.

      Sonya Geis

      Senior Managing Editor

    • KCRW placeholder

      Felix Salmon

      chief financial correspondent for Axios

    • KCRW placeholder

      Chris Steiner

      author

    • KCRW placeholder

      Terrance Odean

      University of California, Berkeley

      NewsNationalPolitics

    The full episode

    2 of 3
    Knight Capital and High Speed Trading on Wall Street
    1. 0:00Shooter Kills Six at Sikh Temple in Oak Creek
    2. 14:32Algorithms on Wall Street and in the Rest of Our LivesYou’re reading this
    3. 40:05'Curiosity' Lands Safely on the Red Planet
    Back to To the Point