Robot Traders of the NYSE

Discussion in 'Order Execution' started by Pekelo, Mar 2, 2011.

  1. Pekelo


    "In Steve Kroft's "60 Minutes" report on high-frequency trading, you heard how most stock trades in the U.S. are no longer made by humans, but by computers capable of buying and selling stocks at warp speed."

    Interesting tidbits:

    -- The COO of NYSE is Jon Stewart's brother, Larry Leibowitz, shown in the video...
    -- There was a time advantage for computers closer by a few feet than others, so there is a time equality bump built in and all transaction take 65 micro seconds.
    -- The location of the facility is a secret. They only employ 15 people and they are not talking either...

    Here is the full report:;contentBody