How to lose money - fast!
More or Less
BBC
4.6 • 3.7K Ratings
🗓️ 13 August 2012
⏱️ 28 minutes
🧾️ Download transcript
Summary
Last week Knight Capital lost a lot of money very quickly. It was the latest chapter in the story of something called ‘high frequency trading’. Investors have always valued being the first with the news. But high frequency trading is different: algorithms execute automatic trades, conducted by computers, at astonishing speeds. We ask: is the rapid growth of high frequency trading progress, or – as some think – a threat to the stability of the entire financial system?
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Just before this BBC podcast gets underway, here's something you may not know. |
| 0:04.7 | My name's Linda Davies and I Commission Podcasts for BBC Sounds. |
| 0:08.5 | As you'd expect, at the BBC we make podcasts of the very highest quality featuring the most knowledgeable experts and genuinely engaging voices. |
| 0:18.0 | What you may not know is that the BBC makes podcasts about all kinds of things like pop stars, |
| 0:24.6 | poltergeist, cricket, and conspiracy theories and that's just a few examples. |
| 0:29.7 | If you'd like to discover something a little bit unexpected, find your next podcast over at BBC |
| 0:35.4 | Sounds. |
| 0:36.4 | Hello and welcome to more or less. |
| 0:38.8 | While the rest of the world is going faster, higher, stronger, we're double checking the stopwatch. |
| 0:45.1 | This week we talk to Mark Henderson, the author who says that the geeks are on the march in |
| 0:49.6 | politics and in life. |
| 0:51.5 | We'll take yet another brief statistical tour of the Olympic |
| 0:54.5 | Medal table and I'll be reviewing one of the toughest decisions of my life. |
| 0:59.4 | Is that Captain Flack? Yes it is. I'm afraid I have some bad news, Captain Flack. |
| 1:04.5 | Can you please find Dibble? |
| 1:06.0 | Find the what? |
| 1:07.2 | Find Dibble. |
| 1:08.2 | Please find him and tell him he's been made redundant. |
| 1:11.5 | Oh dear, whatever next. |
| 1:14.4 | But first, let me tell you a story about a strange thing that happened last week. |
| 1:19.2 | The New York Stock Exchange launched a new electronic trading platform. In preparation for this a |
| 1:24.0 | a company called Knight Capital |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.