Listen "The Rise of Trading Algorithms: Who’s Really in Control?!"
Episode Synopsis
In 2010, algorithms crashed the US stock market so hard that a $30 billion company traded for one penny, while Apple hit $100,000 per share. It lasted 36 minutes, then snapped back like nothing happened. That was when we discovered algorithms control the vast majority of all trading and how they can just walk away whenever they want. Now there's research showing these same algorithms are learning to form cartels, manipulating markets in ways we can't even prosecute. So today we're asking: who's really driving the markets? And more importantly, where are they taking them, and us?
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