Podcast Review: How Electronic Stock Trading Came To Be

Podcast Review: How Electronic Stock Trading Came To Be

Interesting, Podcast, Technology
Original Podcast by Planet Money (NPR) "#396: A Father Of High-Speed Trading Thinks We Should Slow Down". This podcast was a great listen. The gentleman that NP discusses in this podcast, Thomas Peterffy, is one of the richest men in the world and he made the first portion of his wealth by option trading. Back in the day before computers were heavily utilized, stock options were essentially guesses created by large players and traders in the market. If people felt that flour option prices were low, then they were. Peterffy used this to his advantage by using algorithms to calculate what the price should have been and then used technology to his advantage. After some serious hardware modifications, he was able to network a computer into a NASDAQ terminal and the…
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Podcast of the Week: “The Humble Innovation At The Heart Of The Global Economy” by NPR’s Planet Money

Podcast of the Week: “The Humble Innovation At The Heart Of The Global Economy” by NPR’s Planet Money

Interesting, Podcast
National Public Radio's Planet Money is one of my favorite podcasts to listen to and I recommend it to anyone with a few minutes to spare in their day. The podcasts that Planet Money produces are only 15-20 minutes long on average and cover a range of current and interesting topics, from Greece's bailout to unique businesses around the world. One podcast that I listened to yesterday discussed a seemingly common item in the global economy: the shipping container. Sometimes taken for granted, the shipping container has allowed large volumes of items to be shipped worldwide by making the loading, transportation, and unloading of goods more efficient. The original inspiration? A trucking company owner wanted to avoid traffic on the east coast. Find fun facts like that and more in this…
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