The 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?
Knight Capital and High Speed Trading on Wall Street
Credits
Guests:
- Felix Salmon - chief financial correspondent for Axios - @felixsalmon
- Chris Steiner - author - @SteinerWriter
- Terrance Odean - University of California, Berkeley