Money & Speed: Inside the Black Box - (vpro backlight documentary - 2011)

Money & Speed: Inside the Black Box is a thriller based on actual events that takes you to the heart of our automated world. Based on interviews with those directly involved and data visualizations up to the millisecond, it reconstructs the flash crash of May 6th 2010: the fastest and deepest U.S. stock market plunge ever. Money & Speed: Inside the Black Box is developed by filmmaker Marije Meerman in close collaboration with design studio Catalogtree. This explorative documentary is a marriage of strong storytelling and meticulous visual analysis. This film is also available in English as an iPad-app in the Apple app store as the world's first Touch Doc. TO THE APPSTORE: https://itunes.apple.com/us/app/money-speed-inside-black-box/id424796908?mt=8 Originally broadcasted by VPRO in 2011. © VPRO Backlight January 2011 VPRO Documentary: Our globalized world causes societies, economies and cultures to seek a new balance. VPRO Documentary reflects on this with new features every week. We research subjects like politics, world economy, society and science with experts and try to grasp the essence of prominent trends and developments. So subscribe to our channel and we will be delighted to share our adventures with you! Visit additional youtube channels bij vpro broadcast: vpro Broadcast: https://www.youtube.com/channel/UC75PWWQrls0z6fh0loY5I4Q vpro Metropolis: https://www.youtube.com/channel/UCpnazGScKQfGauk7YNyI21w vpro Documentary: https://www.youtube.com/channel/UC9sXw4ZdPEIp6bYGvLW-_iA vpro World Stories: https://www.youtube.com/channel/UCqJ6GC0klkbFuQa-0ZePqkQ vpro Extra: https://www.youtube.com/channel/UCTLrhK07g6LP-JtT0VVE56A vpro VG (world music): https://www.youtube.com/channel/UC-KX3q7zIz7s2rjooBfl6Nw vpro 3voor12 (alternative music): https://www.youtube.com/channel/UC-p9faJQsBObRNiKY8QF2NQ vpro 3voor12 extra (music stories): https://www.youtube.com/channel/UCtgVYRLGraeL9rGMiM3rBHA www.vprobroadcast.com Credits: Director Marije Meerman Design Visualisations: Catalogtree Research: Gerko Wessel Photography: Maarten Kramer Sound: Eric Look Editing: Rinze Schuurman Music: Joris van Gunsven Programmer: Systemantics, Noodlewerk Financial Data: Share Company, Nanex, Tickdata Re-recording mixer: Jaim Sahuleka Color Grading: Jeff Grosveld Producer: Mariska Schneider VPRO Backlight Project Management: Gert Jan Kuiper, Gerard Meijer Commissioning Editors: Henneke Hagen, Jos de Putter English, French and Spanish subtitles: Ericsson. French and Spanish subtitles are co-funded by European Union.

Comments

1. What is the name of the software being used at 7:00
2. good video
3. Good documentary.
4. vpro u r doing a awesome work. i really appreciate your work. Hope govt do something for such gamble a kind of cheating from investors.
5. I wish there was more amazing clips like this on YouTube. Love them
6. wtf, the spikes in price aren't hard to explain at all. Market makers and hft's pulled their quotes leaving a huge b/a spread. If the bid is at $40 and the ask at $60, then every time someone places a market buy order the price spikes and every time someone places a sell market order, it crashes. The fact that their expert didn't even know that makes me question the legitimacy of the documentary (or it's "expert").
   
   And the large crashes are stop orders, not hft's selling 3000 contracts at a time. Why on earth would anybody buy 3000 contracts over time and sell them at market when there is no liquidity? That literally makes no sense. They would lose on more than 99% of their trades.
7. Awesome work vpro :)
8. Its funny he couldn't explain the bid higher than the ask part. there are two or more possible scenarios here. Bbox couldve executed the price at the ask and sold it to a limit order,the higher bid, resulting in massive profit (of course depending on the size). It cant be a delay because it could never reach from 40 to 60 unless its really volatile. the spread is just huge. the other scenario im thinking about is someone put a market order and the algos decided to fuck him over 20 points spread lol. Would love to discuss other possibilities
9. 46:30 When I heard that they use evolving algorithms to let the computers learn how to trade better that blow my mind. Maschine learning techniques made such great leaps in the last years it is clear to me that they use them for finance as well.
10. Were people able to buy at those low prices?
11. Invest in stocks or in properties?? or in solar energy, or in business directly...
12. If user friendly, risk free and free auto trading app is what you want right now, than this == > https://t.co/en6WYiVZWq has to be the answer for you because it has everything that you can ever dream for.
13. Lol at the end these guys admitted that they don't own any stocks... if they don't even trade stocks then they are in no position to give advice in how to invest because they don't know how to. But that part on metamorphic machine learning HFT algorithms was really fascinating!
14. Quants are so smart, i admire them
15. that dyson guy is talking about black boxes being scary when he helped create the most destructive device in the world
16. When an SEC agent is an ex trader from the Lehman Brothers... no wonder they want to strictly follow the no disclosure laws.
17. "You could go out for a cup of coffee, come back and find you lost a billion dollars. That would ruin your day."
    
    That quote is the best thing I've heard in a long time.
18. 21:22 You can tell this guy is really good at his job.
19. Anyone know the app they use on their ipads/show on the screens w the red graphs?