What are these tiny high frequency computer algorithms they call ‘financial trading’?
Posted on September 3rd, 2010 by Ned Kelly
Goldman Sachs has moved its computers right beside those of NASDAQ, the online exchange. According to Goldman’s own admission, each millisecond gained is worth at least US$100 million.
What has become of global financial markets, where these tiny high frequency computer algorithms seem to rule the day? Are they responsible for the September 2008 crash?
In a recent edition titled ‘The flash crash’, ABC’s Background Briefing tackled these complicated little equations head on. Have a listen or read the transcript on the ABC Radio National Website.
