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Dark Pools and High-Frequency Drone Wars w/Scott Patterson!

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Published on Aug 8, 2012

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http://twitter.com/laurenlyster
http://twitter.com/coveringdelta

Welcome to Capital Account. The US stock market fluctuated today, following a three day advance in equities. A rally in Hewlett Packard shares tempered the Dallas Federal Reserve President's remarks that an adequate stimulus is in place, Bloomberg reports. But how much of the market's fluctuations are driven by algorithms and high frequency trading? We ask Scott Patterson, author of Dark Pools.
Plus, Knight Capital is attempting to reign in some of its market share. Media reports show Knight Capital received an offer from rival Citadel to stay afloat; the terms of the offer included a loan in exchange for control of Knight's Hotspot FX trading platform. Was this deal driven by a desire to acquire the firm's trading software? We will talk to Wall Street Journal writer, Scott Patterson, about how valuable the algorithms have become.
Also, could drones be the new high frequency trading weapon? Lauren and Demetri will discuss the possibility of Skynet's first strike in Loose Change.

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