Trevor Noah
👤 SpeakerVoice Profile Active
This person's voice can be automatically recognized across podcast episodes using AI voice matching.
Appearances Over Time
Podcast Appearances
And what it basically does, it's a computer.
So the computer finds out you placed an order for a stock.
The computer jumps in and says, oh, you're buying that stock.
Let me jump in, buy that stock, and sell it right back to you.
More, you know, that'll do.
That is what they do.
That'll do.
No, but that will do, yes.
They insert themselves as a middleman in a transaction they have no business being in.
Now, there is something called front running that is illegal.
That if you do it with just information, if you find out information about something and it allows you an advantage to buy it before someone else does, that's called front running and that's illegal, yes?
This is because it's a computer, it's okay.
Oh.
Yeah, that's the rule.
But front running as a person is illegal.
Right.
But as a computer, eh.
No, but here's what's great.
So this book isn't just about this world of high frequency trading.
What I didn't expect from this book is a kind of group of heroes to emerge.