Money Bots: The Impact of Algorithmic Trading on the Global Economy
The film explores the rise of algorithmic trading and the potential risks it poses to the global economy.
11 Sept 2023
Money Bots
2024• 53 minPG
Synopsis
More than $2,000 billion vanished from the stock market in minutes on February 5, 2018, due to the rapid actions of high frequency trading computers.
Synopsis
On February 5, 2018, at 3 p.m. local time, the Dow Jones Industrial Average dropped more than 1,500 points within minutes. This event triggered panic across stock exchanges in New York, Frankfurt, Sydney, and Tokyo. "Money Bots," directed by Friedrich Moser, investigates high frequency trading, where automated systems execute trades in milliseconds. Experts like Haim Bodek discuss the implications of this rapid trading on market stability and transparency. The film runs for 53 minutes and was released in March 2020.
Deep Dive
Why Watch
- See how automated trading nearly caused a global financial crisis.
- Find out why high-frequency trading favors crises for profit.
- Meet Gard Schik, who campaigns for transparency in finance.
Did You Know
- On February 5, 2018, the Dow Jones lost over 1500 points in minutes.
- Approximately $2,000 billion vanished during the stock market crash.
- High-frequency trading can occur in milliseconds or microseconds.
- One high-frequency trader can earn $6,000 in milliseconds with no risk.
Perfect For
Financial market enthusiastsTech and automation fansInvestors seeking insights
Frequently Asked Questions
What happened to the Dow Jones on February 5, 2018?
The Dow Jones plummeted by more than 1500 points in a matter of minutes, marking the largest single-day loss in its history.
How much money vanished from the stock market during the February 2018 crash?
Approximately $2,000 billion vanished from the stock market during the crash.
What is high-frequency trading?
High-frequency trading is a method where automated computer systems execute trades at extremely high speeds, often in milliseconds or microseconds.
What are people saying?
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