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Detailed text transcripts for TV channel - MSNBC - 20140402:11:25:00

Buildings, right? the entire market in the last decade has been automated. it doesn t move in human time anymore, it moves in computer time. the how new york stock exchange is essentially a backdrop for financial networks. the market s rigged. talk about it. there are 13 public stock exchanges in this country. they sell special access to a handful of traders to put their trading machines right next to the exchange. so they get advance they see price changes before everybody else. it s milliseconds but that s all that matters when you re dealing with computers and it will respond. essentially the trading public is trading on old prices and every order that goes in to the stock market, someone who knows where prices are going has the opportunity, the option, to trade again. let s say i m making a huge investment i say i. ....

Joe Doesn T , Human Time , New York Stock Exchange , Trading Machines , Price Changes , Trading Public , Everybody Else , Stock Market ,