Money and Speed. Inside the Flash Crash

Description

On May 6, 2010, the Dow Jones took a dramatic nosedive but recovered 20 minutes later. Now known as the 2010 Flash Crash, the incident left financial players and Wall Street commentators agape. What triggered the economic tsunami, and could it happen again? In this program a data analyst, a fund manager, and others explain the computerized trading that precipitated the historic Flash Crash. Mathematician Paul Wilmott is wary of this algorithmic method that replaces human decision-making, while fund manager Rishi Narang supports it. The video includes commentary from computer-historian George Dyson and from Gregg Berman, the SEC regulator who led the investigation into the Flash Crash.

Runtime

50 min

Subjects

Genre

Date of Publication

[2011], c2011

Database

Films on Demand

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