“The man who built what was possibly the first stock-trading robot now worries they have too much sway over the market. In other news, Victor Frankenstein is starting to rethink that whole reanimating-the-dead thing.
Starting in the 1970s, Thomas Peterffy, the billionaire founder of the Connecticut brokerage firm Interactive Brokers, was a pioneer in getting computers to perform the trading of stocks and options and whatsits, so that humans could spend the rest of eternity sipping drinks and collecting checks. In a fascinating interview with NPR, he tells how his efforts culminated in a rubber-fingered robot that typed rapid-fire orders on the Nasdaq electronic stock exchange in 1987.”
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