need to add title here

Wall Street: The Speed Traders

October 10, 2010 5:45 PM

Steve Kroft gets a rare look inside the secretive world of "high-frequency trading," a controversial technique the SEC is scrutinizing in which computers can make thousands of stock trades in less than a second

How Speed Traders Are Changing Wall Street

60 Minutes OverTimeRobot Traders of the NYSE

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by konsyltacii January 18, 2012 4:09 AM EST
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by castoaks2 July 4, 2011 11:53 PM EDT
With all the high-speed and frequent trading going on, how do the traders and the Federal Government keep track of the trades for tax assessment purposes? Capital Gains (and losses) have to be recorded somehow and paid at tax time. I would like to know how this is done; who has the responsibility and authority to monitor this and hold these traders accountable?
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by pgmman May 27, 2011 4:43 AM EDT
Someone figured out a way to beat the Street at
its own game and everyone is angry.
Cry-babies don't make money.
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by mikemontreal January 2, 2011 9:52 PM EST
M.Oliver Stone you got your subject for your next movie...how a computer in New jersey run by a little wizz kid in India will screw our entire economy in one afternoon and wipe out entire savings, retirements and pension funds. The stock market is suppose to be a place where corporation raise capital to fund new ventures , innovations, new products, then to make those new products they hire people who earn wages and save some of this money for their pensions every month and re invest in the economy to make sure the wheel keeps turning and they can retire one day. Now what we have is a stock market who became a casino run by techno-crooks looking for a mathematical edge and corporation more focus on outsourcing jobs and downsizing. We have people loosing all the money they have accumulated over the years and force to work until they die ! Wow we made such progress I cant wait for my children to understand the mess we have created...Oh right I dont have children..thank god for that decision i made...Hope I remember to never put a dime again in this looney tune market and that the cash i have in my bank account is worth the paper its printed on when i retire one day !
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by sunaina_arora December 7, 2010 1:29 PM EST
too much of robotics may lead towards to fatality.
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by VickyGoss November 19, 2010 11:23 AM EST
Where is the captioning? I know your public broadcasts have captioning. There should at least be a transcript offered.
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by hdphoto October 29, 2010 6:18 AM EDT
OK CBS, i click to play the video, then watch a 25 min commercial, then nothing plays on this video. I was able to watch some others, so i must have the right software. Please fix this. Also, it would be nice to have a better search to find specific 60 min shows, etc.
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by MrEdgarPerez October 23, 2010 12:51 AM EDT
For more information about the implementation of a high-frequency trading platforms, Golden Networking is organizing High-Frequency Trading Experts Workshop 2010 (http://www.HFTExpertsWorkshop.com), "Practical Implementation of High-Frequency Trading Strategies", 2-day workshops in Hong Kong, November 22 & 23 and New York, December 9 & 10. It has been recommended for executives in finance and investments who work at Investment Banks, Hedge Funds, Pension Funds, Broker Dealers, Consultancy Groups, Prime Brokers, Solution Providers and Exchanges and wish to gain a thorough understanding and practical knowledge of high-frequency trading.
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by rwp58 October 22, 2010 10:20 PM EDT
The government has messed up enough already. They need to stay out of what made the USA what is "was" - Freedom to be in business. The NY Stock Exchange is a global market now. The rest of the world will play by it's own rules in the market, not ours. If you do not understand how to play in the stock market, you need to learn.
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by danielleUofL October 18, 2010 2:00 PM EDT
Information systems can be a positive thing for the world we live in today but the problem with technology is that it moves so fast the public and the government cannot keep up with the large companies that use it. I agree with the comment made that these speed trades do ?distract? companies from their daily operations that their main goal is to raise capital for the business. Technology has made people less personal and this in turn shows that. It shows that it is no longer about the art of trading stocks or making money it is all about time, the milliseconds. It is no longer money that drives the world rather it is now technology and time! What?s next?
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