Wednesday, August 29, 2012

ROBOTCHED: Inventor Admits Pressing Problem With Droids Running Wall Street




The man who built what was possibly the first stock-trading robot now worries they have too much sway over the market. In other news, Victor Frankenstein is starting to rethink that whole reanimating-the-dead thing, according to HuffPo.

Starting in the 1970s, Thomas Peterffy, the billionaire founder of the Connecticut brokerage firm Interactive Brokers, was a pioneer in getting computers to perform the trading of stocks and options and whatsits, so that humans could spend the rest of eternity sipping drinks and collecting checks…..

Find out more at http://www.huffingtonpost.com/2012/08/28/thomas-peterffy-high-frequency-trading_n_1835802.html

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