Shocks. Many have slept on the streets of the being was the gains returning home. We spoke to a number of residents in various cities across america. They recounted the shock they experienced when the clock struck. We were slipping and then we found the hold up our to my implant shaking. So were right and i didnt really understand what was happening. And then when we tried to run to read the street, i heard my neighbors crying, screaming, and this is when i realized what was happening. My baby was sleeping. So when we went outside, you started to like open his eyes because people were screaming everywhere. We thought we heard a noise that we thought was possibly a plane crashing or something because we are so close to the airport. Theres a lot of walls that are down. Theres a lot of buildings that have come down. I heard my wife and my sister. So, you know, a big uh, or story or story i turned back immediately in kind of for this believe i didnt realize done the, thats all what was happening. Listening said to us, we were on uh, i was struck in a state of panic and disability because ive never done through this. So in our lives they all jerry and government is opening its ass space to allow the delivery of humanitarian medical aid the to north african countries broke ties and suspended slides 2 years ago over moroccos territorial claims to the disputed region of western sahara. American football style sheriff, hi kimmy is offering his condolences to those who lost loved ones in the quake. I came in these teammates there knight 2 blood in the city of idea. They had been set to play and ask a couple of qualifying nations qualifying game that the 2nd and final day of the g 20 summit is on the way in new delhi. Lead is attending the meeting, issued a joint declaration that mentions the conflict in ukraine. It does not directly named russia, though. It was also an announcement of an economic car adult to connect india with the middle east in europe. I know that everyone is pleased with the final declaration saw diplomatic editor james bays explains from new delhi criticism from International Aid agencies and others. Ok, but im saying that it was uninspiring, un underwhelming and the criticism is put on things like global that and restructuring the International Finance fuel system, which people say is stuck at the end, the world war to design for that era. Not so they see, or they leaders who come up with lots of the right words, but no timelines, no action plans. And the same is true on the climate issue. G 20 leaders will say no. The African Union is now at the table. We put the words in that we now have to do the slight progress of making this into action plans. A palestinian teenager has been killed. Vice riley forces in the occupied westbank and happened on sack today during and this riley re then the loud rope, refugee camp north of hebron, the palestinian red cross and he says the 16 year old was shots in the back jordan confrontations with these right. The forces since the south of the year is randy forces, incentives have killed 232. 00, how the sinew lebanons can take a Prime Minister is told the palestinian president , fighting between rival functions of the im and how do we refugee camp dozens of the palestinian calls that gave me a call to says the escalation of violence between palestinian on groups. But the, unless the news is a grave risk for 11 and fighting is ongoing. Its the money bought now the the, the fits of february 2018. At 3 pm local time, the dungeons plumb, it says the Stock Exchange has been hit by lightning. It loses more than 1500. 00 points in a matter of minutes. Never before in the history of the index of american stalks law so much in a single day. A new york is not allowed to collapse sprints like one fine to frankfurt, sidney, tokyo kind of corrupt. Nobody knows, will just close this disaster. There is no discernible real World Economy reason. There are no new economic predictions, no unemployment statistics. The only explanation that is offered sound strange. Apparently the Trading Computers went too fast. The how is it possible that the Fringe Development of ultimate stop trading . Yes or no me could celebration of Computer Systems. Could almost go was a world wide financial crisis in does he get hardship campaigns or more transparency in the Financial Sector . And then thats why not. And they still succeed in time to see if they have a tough choices. Is normally its decent. As i say please, but if the, as the voice music wouldnt intact to the hundreds, it doesnt get something on the truck this up to a 1000. When is the veterans that my son is beginning . Zine . Did you have energy to probably sign in to see facebook applies actually. Its essentially High Frequency trading significantly reduces the time that the stock is held before being sold. Sometimes its just merely seconds or even microseconds. High frequency trading is the opposite of long term investment, which is what stopped markets or actually designed for. Access to stocks also became a lot faster. The quality of the investment was no longer the deciding motivation for buying or selling old match. It was who could react the fastest High Frequency trading is performed exclusively by computers, not people. These Computer Systems are completely autonomous. Essentially, the warning bucks, money bucks. High frequency trade is place that computers as close as possible to Stock ExchangeComputer Systems. A process known as co location proximity and high speed connections are a deciding factor. For example, a pension fund wants to buy 600000 shares at the price of 9. 50 on the road that goes out to the various Stock Exchanges. When the order arrives at the 1st oak exchange, a High Frequency trading system detected and immediately places it, so notice for the same chest, with all the other exchanges, faster than the pension fund cap, things to its high speed systems, the High Frequency trader is able to buy up all the shares at a price of 9. 50, then sell them to the pension fund for 9. 51. The High Frequency trader is and 6000. 00 within a few milli seconds and with no attached risk. The High Frequency trade as do not have to be an active in the markets permanently. Their advantage is most effective when crises, disasters, or political decisions cost strong price fluctuations. The essentially High Frequency trade is benefit from crises and are constantly waiting for the next one to occur. In the beginning, the intention was to use great to predictability and foster infrastructure to increase the stability of financial markets. In fact, the opposite, cuz it could go to a nation, has made the move bundle of tool. There is no Electronic System that cannot be hacked. The had a you have a trading engine was running in frankfurt remotely, but it was being controlled from london. What happened in this particular case is the internet related outage caused us to lose control over the engine that was in frankfort. And i remember for a couple of hours trying to validate that the engine itself was on the mobilized turn on my engine was actually lives and actually designed feature that said, if you break connection with the mothership, stop trading. But that feature had a parameter and it was off. I have this engine that was basically trading. It could have lost, you know, could was 30000000. 00. Right. It lost a few 100000. 00. But it was, it was a terrifying experience. Time boat is a trader and come a Software Developer in stanford, connecticut. Im boat, i played an Important Role in the development of ultimate stop trading. His idea of using computer algorithms to process information as efficiently as possible is one of the foundations of modern stunk trading. A 2nd prerequisite for success is a high speed data connection. The french businessman steph antique knows all about fast data transfer. His companys mccade brothers and quincy data based in paris and california, and operate the data connection between new york and chicago. The homes of americas most important Stock Exchanges a different time, both players in a global battle for the best Computer Software and the fastest Data Networks the this context began a long time ago in the casinos of las vegas at the end of the 196 days a new generation of scientists recognizes that it is possible to use computers to increase its locked at the tables high and is like a good soul and blessed hope develop algorithms that allows them to come cods when playing black check to make predictions. Going from a takes a different approach in the 1970s. The physicist makes religion, his field of expertise. Pharma and his team begin to play they soon discovered that its possible to predict the cost of the bull nose. Its current position and speed. And then we embarked on building a computer that would allow us to do this. Now this was 1976 when we got started. So you have to realize at that point, there were no personal computers or anything like that. In pennsylvania is like in the mountains stiff Antiques Company is working on making the fastest data connection between new york and chicago. Even foster. I know hes also closer to your price, offer you the mouth of a feeble since feeble on toilet that us into it. I put me, you have to over allow even just getting the had you, well, my moms ive had you already left for me. I sure a, or could the dont this in your head you to solve. We just getting know to see the horse you know is if i pitied the menu and that it was just a 2nd. Ok, thats multisite. It. Dont say repeat these, just get a portion to, oh you for it up. So do you want a fee to do it on the shit and profit going show . So the get the Austin Airport depreciates. I go just going your drums a shell need to do is want you to america. Songs ive up is one to fail. Okay, ill take more of this. You see im to prove come no school, young cross, the felt me know on do i sorry to was still in the, in the doing that he was still on the east was this should do not cool so. No, no, no, on that he was told to go by sandra, i could barely keep them all. Id use you into an algorithm as a rule for answering questions. The algorithms provide the foundation, so tom is bet. So the casino computer is required to process algorithms quickly at the time. However, these are not expensive and slow. This begins to change in the mid 19 seventys, the 6502 microprocessor. Just come out same microprocessor. The guys with the apple who used to build the towing thomas team designs a computer around the same process. The initial version of it was under the arm to there was a pack of double a batteries under the other on to switches. And the shoes wires running up and down antenna around the shoulders. The antenna would transmit the signal to a 2nd person who would then place the thats from the moment the crew a spencer ball until the ball until the thats getting close. Theres typically about 10 seconds past 10 to 15 seconds. So we have to be able to take the data for the router and ball and get the prediction 4 to 6 seconds ahead of when that thats got closed so that the better have enough time to reach over in place perhaps. So we have to have the prediction coming pretty fast. The computer we had ran very slow by modern standards. But because it was, you know, carefully coded machine code. We were able to get the answer out in a matter of a fraction, 2nd. Going from us computer became the stuff of legends. It wasnt just any computer. It was the 1st to to built into closing while steve jobs and Steve Wozniak were creating the original desktop computer going from i was building one issue from a himself, becomes an icon. So people working in the field of Computer Base predictions pharma and his team eventually decide that the winnings at the really like well do not just define the risks they are taking the day we turn to most serious scientific fields. Pharma finds himself at los alamos, where he investigates methods of predicting the weather, among other things then the world changes, or at least the world of money is 200. 00 once it is done by a 191. Right now, 345000000 shares on wall street right now. Down 271. 53. 2019 point. During the 1987 stock market crash, investors attempt to dump the shares in a panic. The bro, cuz eventually begin to ignore the frantically ringing telephones. The authorities decide that more trading should be left to computers, as people simply are not reliable enough. The new york Stock Exchange remains americas largest, but chicago becomes the center of new financial technologies. The whole Trading Company is one of the pioneers in the field of big data and market predictions. In the early 19 nineties, the company is considered a measuring stick by many trade. The like going from a whole Trading Companies found a black hole and originally put his mathematical skills to the test in las vegas where he come to cons of the blank check tables in the 19 seventys. Hes one of the 1st to recognize the potential of Automated Financial trade. In 1985, he finds his own company in chicago, the center of us derivative trading the time boat ex joins holstein in september of 1997. Quantitative analysts are also in high demand in europe, the best, the mode from the universities in paris, mathematician so welcome additions to the market. As a physicist, like steph on take the book, you sure was pizza, to keep them pretty on bush edition and show of the things that you see them video brush over the phone and it shows the off call. So it had been p l, a po, to show you get more on bush of the finishing items, just really in the shows gives you the a piece of the craft to secure the menu menu chino, shayla v. Those you know, of a d. This is supposed to the doctor if hes there, tends to not to do disorders dc. I may just look on this out. If hes a computer c, c dumper, she did the feel that if a buffet month is f i the question level. So youre going to use that puts you must show the book. So me say come in, im on the shows 10 a been to thought about a past due to a bone to a key from the d. V on betsy inactivity too much of a time. You look salmon sitting at a, sit down thats diffuse t and i for focus to keep out of here. The t me t suv hes, im only on that pushy pull progress. So here im going to the like, if you take the pre show me the out of the organ, the panel while we were doing the real that project, our friend rob shock came over and said i just found out about this amazing thing. Chaos. So we went up to allowed and we looked at the simulation on the la computer and we were just amazed because you could see, even though there were deterministic equations, was making this random looking set of patterns on the screen. And so we got completely fascinated by that and we, um, we created algorithms for finding as identifying patterns in nature that are described by chaotic dynamics going home develops himself to studying happens predictions to be met. One of these areas of study is me to role legit. Pharma and his team in the los alamos are able to expand the timeframe for precise hurricane projections from 2 days to 5. This gives Emergency Services valuable time to evacuate, people endangered the every time i would talk about this, somebody would say, well, i have your playlist, stock market. And so i kind of got tired. So, you know. Meanwhile i heard about the efficient arkansas and offices which sets the stock market, sorry, inherently unpredictable towards the great popular theory of the time. And i didnt believe so, norman, i once again left. He left his job at the university of illinois and i left my job at solomons and we gathered with some other younger scientists. Business guy started a company to use computers to protect the stock market. This was in 1991. And what color southbridge, the, and the zip code it goes to rebuild the original month. Not for a nissan convey. Yeah. Theyre hoping to see from this. Ill do not to on the, all that fun does that make that for safety . La quinta, she wants to still continue to move back to like this, so that can hold a month. No, in your proven you want to come feeling like it goes on a level. So im going to say when youre home to tell you the, i know when i phone here, the loan on a buzzing done. The pirates Stock Exchange. Hes not the only empty shell. Even wall street is little more than a movie set these days. This interaction data center is located in the most building on the outskirts of vienna, austria. The company has 13 such co Location Centers throughout to you are more than 100 Internet Service providers. 5 internet exchanges and important kind of services. Have computer stations here, as does be in a Stock Exchange, as the exact location is kept secret and there is no official confirmation of the present Stock Exchange computers. We stick to this case, you have some of the intakes and bit okay. Is this a nations hands on and the internets 9 boston. Ive opened it up to you and these are a few more community of interest weve using them then you might also, since okay, it has to be have something here on time the name and meet them on the whats the my, the other question i have down time is of the essence as i guess you may need to speak to and if you still have ordered the left hand side, does it come from the box and the big stick and music on that . I suspect. What does she think you shave small daily fold . Phone gaming is himself announced this last time comes space of it. F