Rise of the machines: how technology changed the stock markets
As trades on the Irish stock exchange are done by algorithms and high-frequency trading remains widespread across Europe, regulators are finally taking action.
As the wheels of modern finance spin ever faster, people are being left behind. No longer are traders seen as the sole masters of the financial universe: over the past decade, computer programs working at speeds pushing the bounds of physics have changed the stock market.
One millisecond is all it takes - in that instant, a trading algorithm will have seen its chance. The algorithm has been scouring exchanges for arbitrage, a fleeting opportunity...
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