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A thriller about a genius algorithm builder who dared to stand up against Wall Street.
From the makers of the much-praised Quants: the Alchemists of Wall Street and Money & Speed: Inside the Black Box. Now the long-awaited final episode of a trilogy in search of the winners and losers of the tech revolution on Wall Street. Could mankind lose control of this increasingly complex system?
Trading on the financial markets is no longer dominated by humans, but by computers that allow superfast trading, based on cutting-edge math rules that determine the optimum trading strategy: the algorithms. The result of this digital revolution on Wall Street is a complex and fragmented financial system that no one seems to understand or oversee these days. A system to which we are all connected: directly if you try your luck with some Apple shares every now and again, or indirectly because your pension fund or mutual fund invests through these markets. The only people that have any understanding of this interplay between man, computer and market are its architects: the builders of the algorithms.
Haim Bodek is among this select, and often silent, company. Bodek, a specialist in artificial intelligence, made a name for himself as a genius algorithm builder with trading legend Blair Hull and with financial superpowers like Goldman Sachs. His nickname: the 'algo arms dealer'. In The Wall Street Code Haim Bodek gives a unique insight in the plumbing of our computerized markets. These markets used to be places where investors and businesses came together, but they have now turned into an unfathomable system of data centres where execution speed and the quality of the algorithms have become all-determining. Private and institutional investors - such as pension funds - always seem to be one step behind.