A monitor at Tradeworx’s offices keeps track of the net trading operations during the day. It generally ticks up. Credit: Steve Moors From Technology Review:
Today's stock market has become a world of automated transactions executed at lightning speed. This high-frequency trading could make the financial system more efficient, but it could also turn small mistakes into catastrophes.
If Manoj Narang is about to bring down the markets, he's certainly relaxed about it. Narang, who wears a goatee and wire-frame glasses, is casually dressed in a brown shirt and dark gray sweatshirt. Sitting on a swivel chair with one leg tucked under the other, he seems positively composed, especially for a man who has just bought and sold 15 million shares with a total value of $600 million. For Narang, however, such volume represents just the start of a normal day. Though it's about noon on a Friday morning, he has barely begun.
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