Doku: The Wall Street Code (The Rise of A.I. Trading Machines)

 Youtube Direktfrequency

Großartige neue Doku von Marije Meerman, deren Film „Quants – The Alchemists of Wall Street“ ich vor grob drei Jahren hier gebloggt hatte. Damals hatte sie Hintergründe über die Quants, die Coder der High-Frequency-Trading-Algorithmen recherchiert, diesmal verfilmt sie das Buch Dark Pools: The rise of A.I. trading machines and the looming threat to Wall Street, dessen zentrale Figur Haim Bodek nach dem Bankrott der HFT-Firma Trading Machines über die Methoden und die geheimen Algorithmen an der Wallstreet ausgepackt hatte.

Genau diese „geheimen Algorithmen“ hatten vor ein paar Monaten dafür gesorgt, dass Wissenschaftler im High Frequency Trading eine Art künstliches „AI-Ökosystem“ ausmachen, in dem es sowas wie „Raub-Algorithmen“ gibt. Extrem interessant, alles und das Dark Pools-Buch hab' ich grade auf meinen Kindle geladen.

Bodek, a so-called quant (or quantitative analyst) who has held key positions at Hull Trading, Goldman Sachs and UBS, is famous among traders for having broken the Street's omertà and complained to the Securities Exchange Commission in 2011 -- after his own HFT firm, Trading Machines, crashed and burned -- about the secret "order types" that allowed rival algorithms to jump the queue and push him out of business.

Bodek is the lead character in Scott Patterson's 2012 Dark Pools: High-Speed Traders, A.I. Bandits, and the Threat to the Global Financial System. And his scalper metaphor is the centerpiece of The Wall Street Code, Part 2 of Dutch director Marije Meerman's excellent video series for VPRO Backlight about the effects of HFT "bots" (artificially intelligent trading algorithms) on the electronic stock and options markets.

Fortune: Video: The Wall Street Code

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