The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.
June 9th, 2010
Episode 277 of 902 episodes
On today's Planet Money, we discuss high-frequency trading, in which people program computers to buy and sell stocks in quick succession under certain, pre-defined circumstances. The idea is to profit from fleeting changes in the price of a stock. High-frequency traders include big banks and tiny little companies. And they're all trying to be even faster than each other. A few years back, all the high-frequency traders were trying to get a one-millisecond edge over everybody else. Today, they're angling for a one-microsecond edge.
Jessica Helfand and Michael Bierut explore how design works within complex organizations to shape decisions, ideas, products, and more. Guests include clients from many industries and designers in many fields. Recorded at the Yale School of Management.