Money Bots | High-Frequency Trading | Scam | Full Documentaries

Money Bots - In high frequency trading the fastest data network makes the deal.

Money Bots (2020)
Director: Friedrich Moser, Daniel Andrew Wunderer
Writers: Martin Ehrenhauser, Friedrich Moser
Stars: Haim Bodek, Doyne Farmer, Jürgen Klute
Genre: Documentary
Country: Austria, Germany
Language: English
Release Date: March 22, 2020 (Germany)
Filming Location: New York City, New York, USA

Synopsis:
Time is Money. In high frequency trading the fastest data network makes the deal. Computers trade against computers solely committed to the logic of their algorithms. Essentially, they are warring bots – money bots.

In the beginning, the intention was to use greater predictability and faster infrastructure to increase the stability of financial markets. In fact, the opposite has occurred: automation has made them more vulnerable. Moneybots love instability, where the greatest profits are to be made, and high-frequency trading is damaging the real economy. When trades take place in milliseconds, traders in the real economy are kept out of the loop. The system often relies on the discovery and exploitation of ‘cheats’ to get around restrictions.

And, as with all electronic systems, the moneybots can be hacked. Already there have been cases of flash crashes that destabilised the world’s markets. How did it come to this? We go back to their roots in the casinos of Las Vegas, where young mathematicians and physicists created algorithms and the first wearable computer to outsmart the roulette…

Also Known As (AKA):
(original title) Money Bots
Austria Money Bots
Finland Tietokoneet pörssimeklareina
Finland Ulkolinja: Tietokoneet pörssimeklareina(series title)
France Les robots traders, la finance à haute fréquence
Germany Die Geldroboter

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[chetrichards]

Successful trading is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

[steved]

"If it sounds too good to be true, it probably is" has served me so very well.

[davidmende]

"Dad, I figured out Wall Street's trick. I'm gonna be rich!"
"Son, Wall Street can create new tricks faster than you can figure out the old tricks."

[JenMarco]

It’s funny hearing them talking about the Dow being down 200 points back then as catastrophic. Now it can move 200 points in a minute or two and it’s just an ordinary day.

[PrinceCbass]

The thing about money is that when you have enough of it you can buy opportunities to increase your wealth, sometimes exponentially.

[LilHllKAT]

That "lone Trader" in the UK theyre referring to has to be that Indian kid who made a fortune playing the order books and ultimately got arrested. funny how hedge funds can do it but when its an individual they get slammed with the hammer

[versz]

He is describing exchange arbitrage, where you buy in one exchange and sell on another while price has not been updated. Do this at the speed of light, and you make profit, but it also creates a "flash crash". The rest of traders get the worst execution possible due to high frequency orders being filled at light speeds. Whose at fault? The exchanges, brokers, investment banks for filling orders at high frequency speeds. They are obviously aware of this but it's a round business for them. There won't be "regulation" unless there is a high demand for it, most people are too lazy and unaware to even do anything about it, just like he mentioned.

[OyunBabus]

The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or saving my earnings to achieve this goal?

[udirt]

The guy (Haim?) is the first person from the finance industry I ever heard speak reflected and in their conscience and in a human manner. It's good to see he at the end made it to a job where he can really use his potential in research.

[Alex-ejby]

Brilliant stuff. Definitely subbing and hope to see more information on the scams infecting our society. Thank you!

[ronisworldwide]

Moconomy coming through with another classic!

[gaberoyalll]

Arbitrage is the simultaneous purchase and sale of an asset in different markets to exploit tiny differences in their prices

[unknown-chtb]

Excellent, 10/10. I did not want it to end.

[jemiez]

so, basically they are spoofing the market. The big guys always get away while retail traders will always take the blame..what a shity market

[jasonp]

The captions near the end do not match up with what is being said or talked about. But other wise is interesting insights into the exchanges and how the deal with hft!

[renaissanceman]

the solution is to do away with derivatives. First, the issue according to this documentary is options contracts. those that know these contracts are aware of their leveraged value and the fact that the future value is determined by a complex formula comprising in part by volatility and time to expiration. Second, dark pools must be dissolved. Dark pools are how the elite make money over the everyday trader, they basically get to trade in secret only to be revealed the next day, this is akin to a poker player getting to see every 2nd card of the next 10 cards in the deck. Of course none of this will ever be fixed. Those that make the rules and those that enforce them are paid off by those that benefit from circumventing them or exploiting loopholes that have purposefully been put in place for them.

[atWay.]

Fascinating, I just discovered your channel now I am an instant fan and look forward to watching more!

[charlesbaldwin-vw]

1987 dow was around 2055.97 at one point ended up closing that year at 1938.83 now over 40, 000 says it all. Long term investing is the best bet for most😊

[Eggile]

High Class Documentary. Very cool speakers.

[ritishify]

Robots first went for blue collar jobs, now it's white collar's turn😂