their lights on the line, the think it's all one all to 0. the. the clock in the home, the top stories here on al jazeera in eastern libya, the death toll of to devastating floods has risen to over 5000. well then at $10000.00 people are still missing off to, to dimes collapse and the positive done. there is malik traina reports, not from the capital triply. i mean, this isn't on president. unprecedented a catastrophe that has we have that on eastern libya, specifically though, and then the most impacted city has definitely been the city of doesn't know. i mean, we've seen pictures of entire neighborhoods and tire communities swept away into the sea. well, several countries sending help around

a $170.00 pest know from tech is off. the management tools already have arrived in east and libya. russell sorta as more on that to the turkish military plains that were carrying a landed in then guys which is quite rare. and the car, because the turkey is like 4 of the 3 poorly based government's not then guys the base government lab by sunday for half day. so that is an exception for now. and according to the disaster and emergency management to, to, to of take you 168, a surface and on the water. a search and rescue personnel landed in ben ghazi a law for an aid is arriving in morocco where the death toll from friday's as quake has risen to nearly 3000 rescue teams of searching for those fair to trump, under rubble. relief efforts have yet to reach some remote areas. they've been cut off off to the quite triggered land slides. looking roads are somehow bought

roughly with the american military on a rescue operation to the atlas mountains. we have an unfortunate to, to look at the often enough of the earthquake from a ball a why you see is scenes of awful elliptic destruction across huge areas through a long group be which zigzags across the oc less. nowadays. we've been flying with the we're working on the, which has been leading the rescue operation because it has sophisticated equipment . it has been delivering most of the 8 operation into the affected areas. america is king mohammed, the 6 has visited the hospital, but as quite survivors are being treated, you'll say the native blood that america has university hospital magnitude 6.8 of quake was the most powerful to hit the country in more than a century north. currently they came, german has arrived in russia. i have

a meeting with president vladimir putin. the us police showing young is ready to supply weapons to most go for the ball in ukraine. israel supreme court has begun herring independent gains covering is judicial powers. july, parliament pos amendments to a law limits in the quotes ability to every rule. government decisions it finds extremely unreasonable. the speaker of the us house of representatives, as well as colleagues to the full impeachment inquiry and to president joe biden. republicans accused by the end of helping his son, the hunter, with his business dealings which are being investigated by tax officials. i am directing our house committee to open a formal impeachment inquiry, the president jo bike. this logical next step will give our committees the full power to gather all the facts and answers for the american public. is exactly what

we want to know. we are committed to getting the answers for the american public. nothing more, nothing less. we will go wherever the evidence takes us, starting in the us 5, a former police officers in the city of memphis have been indicted of the killing of african american terry nichols during a traffic stop in january police body cam footage shows officers kicking nichols fitting with a button spraying him with pepper spray as far as the the seats of february, 2018. at 3 pm little time the dungeons permits, the stock exchange as being hit by lightning. it loses more than $1500.00 points in a matter of minutes. never before in the history of the index of american stokes law. so much in a single day,

a new york is not allowed to collapse sprints like one fine to frankfurt, sidney, forward in the history of the index of american stokes law. so much in a single day, new york is not allowed to collapse sprints like one fine to frankfurt, sidney, tokyo kind of corrupt. nobody knows what disclose this disaster. there is no discernible real world economy reason. there are no new economic predictions, no unemployment statistics. the only explanation that he's offered sound strange. apparently the trading computers went to fast. excel ration of computer systems. could almost go was a world wide financial crisis in does he get hardship campaigns for more transparency in the financial sector? than the one on the store for him to figure the tough choices. just this one is betsy, sometimes with upset please. by the monday as the voice music wouldn't intact

a 100 that doesn't get fully. i'm attracted to a 1000. when is the veterans assigned as beginning, zine? did you have them due to probably scientist? the 1st of applies actually. it's essentially high frequency trading significantly reduces the time the district is held before being sold. sometimes it's just many seconds or even microseconds. high frequency trading is the opposite of long term investments, which is what stopped. markets were actually designed for access to stokes. also, it became a lot faster. the quality of the investment was no longer the deciding motivation for buying or selling old match. it was who could react the fastest high frequency trading is performed exclusively by computers, not people. these computer systems are completely autonomous. essentially, they're warning bucks, money bucks. high frequency trade is place that computers as close as possible to stock exchange computer systems. a process known as co location proximity and high

speed connections are a deciding factor. for example, a pension fund wants to buy 600000 shares at the price of $9.50. they're all that goes out to the various stock exchanges. when the old rise at the 1st ok exchange, a high frequency trading system detected and immediately places it so notice for the same chest, with all the other exchanges, faster than the pension fund cap. things to its high speed systems, the high frequency trader is able to buy up all the shares at a price of $9.00. 50, then sell them to the pension fund for $9.51. the high frequency trade design, $6000.00 within a few milli seconds and with no attached risk. the frequency trade is do not have to be active in the kits permanently. their advantage is most effective when crises, disasters all political decisions,

costs strong price fluctuations. the essentially high frequency traders benefit from crises and are constantly waiting for the next one to occur. in the beginning, the intention was to use greater predictability and foster infrastructure to increase the stability of financial markets. in fact, the opposite, cuz it could bottom nation has made the move bundle of tool. there is no electronic system that cannot be hacked. the, i had to have a trading engine, was running in frankfort remotely, but it was being controlled from london. what happened in this particular case is internet related outage caused us

to lose control over the engine that was in frankfort. and i remember for a couple of hours trying to validate that the engine itself. i was on the mobilized turn on my engine was actually live and actually designed a feature that said if you break connection with the mothership stuff trading, but that feature had a parameter and it was off. i had this engine that was basically trading. it

couldn't last, you know, it was $30000000.00 rate. it lost a few $100000.00. but it was, it was a terrifying experience. time boat is a traitor and come a software development in stanford, connecticut. i'm both day played an important role in the development of ultimate stop trading. his idea of using computer algorithms to process information as efficiently as possible is one of the foundations of modern stock trading. a 2nd prerequisite for success is a high speed data connection. the french businessman steph antique knows all about fast data transfer. he's companies k brothers and quincy data based in paris and california, and operate the data connection between new york and chicago. the homes of america's most important stock exchanges is

this on teach on time. both neck play is in a global bottles of the best computer software and the fastest data networks the this context began a long time ago. in the casino use of las vegas. at the end of the 196 days, a new generation of scientists recognizes that it is possible to use computers to increase its locked at the tables high and is like a good soul. and blessed home develop algorithms that allows them to come cods when playing black jack and to make predictions. going sama takes a different approach. in the 19 seventy's, the physicist makes relate his field of expertise. pharma and his team begin to play they soon

discover that it's possible to predict the costs of the adult if one knows its current position and speed. and then we embarked on building a computer that would allow us to do this. now this was 1976 when we got started. so you have to realize at that point, there were no personal computers or anything like that. in pennsylvania is like any mountains, stiff antiques company is working on making the fastest data connection between new york and chicago. even foster. no, he's also gonna fit your price up to the amount of a fee. but since he bought the old toilet that i sent to it, i put him, you have to over allow, he's just getting ahead. you, well, my mom's i had you already left for my show a, or could the, don't this, and you will had you to solve. were you just getting know to, to see a horse,

you know is if it to the menu and that it was just a 2nd. ok, i'll put the monkey se it don't say repeat to just get a portion to on the 4th. so do you want to do it on the shit and for what i can show? so the get the austin airport depreciates. i go just going your drums a she'll need to do is want you to make pop songs. i've always wanted to fail. okay, i'll take the ones that you see. i'm to put come laska young cross the for me now or do i sorry to was still in the in the tell him that he was telling the issue was this should do not cool. so the new phone that he was told to go by sasha, i clearly keep them all hide, use you into an algorithm as a rule for answering questions. a algorithm provide the foundation. so tom is bit, so the casino the computer is required to

process algorithms quickly. the time, however, these are not expensive. so this begins to change in the meat 19 seventies, the 6502 microprocessor. just come out same microprocessor. the guys with the apple who used to build the drawing thomas team designs a computer around the same process. the initial version of it was under the arm to there was a pack of double a battery's under the other on to switches. and the shoes wires running up and down antenna around the shoulders. the antenna would transmit the signal to a 2nd person who would then place the that's from the moment the crew a spencer ball until the ball until the that's getting close. there's typically about 10 seconds that past 10 to 15 seconds. the computer we had ran very

slow by modern standards. but because it was, you know, carefully coded machine code. we were able to get the answer out in a matter of a fraction, 2nd. going from this computer became the stuff of legends. it wasn't just any computer that was the 1st computer built into closing, while steve jobs and steve wozniak were creating the original desktop computer. going palmer was building one issue, finding himself becomes an icon. so people working in the field of computer based predictions, farmer and his team eventually decide that the winnings at the roulette wheel not justifying the risks they all taking the they returned to most serious scientific fields. pharma finds himself at los alamos,

where he investigates methods of predicting the weather, among other things then the well changes, or at least the world of money is $200.00 once it is done by a 191. right now, 345000000 shares on wall street right now. down 271.53.2019 point. during the 1987 stock market crash, investors attempt to dump the shares in a panic. that bro, cuz eventually begin to ignore the frantically ringing telephones. the authorities

decide that mo, trading should be left to computers, as people simply are not reliable enough. the new york stock exchange remains america's largest, but chicago becomes the center of new financial technologies. the whole trading company is one of the pioneers in the field of big data and market predictions. in the early 19 nineties, the company is considered a measuring stick by many trade. the like going from a whole trading companies found a black hole originally put his mathematical skills to the as in las vegas, where he can keep cons of the blank check tables in the 1970s. he is one of the 1st to recognize the potential of automated financial trade. in 1985,

he finds his own company in chicago, the center of us derivative trading the time boat x joins holes team in september of 1997. quantitative analysts are also in high demand, the newer the best, the mode from the universities in paris, mathematicians. so welcome additions to the market. as all physicists like steph on take the book, you sure was pizza, to keep them put a on bush edition issue the the things that you see them, the do you measure of the found i'm, if it was the off hole. so it had been fairly poor to che denmark on bush of the future, and i don't really in

the show, scuse uh, a piece of the craft to secure the menu menu chino, share these guns. you know, of a d is this pace the doctor if he's there, can't choose not to do disorders dc. i make this work on these activities. the computer sees the dumpster sheet that the feel that if i added the buffet month, is that by the questions that go so you're going to use that puts you must show the book. so me say come, i'm on the shows taylor been to thought about a past due to a bunk key from the dc on betsy inactivity too much of a time. you look, salmon, sit, sit, you know, sit down, that's diffuse t i for focus to keep out of heavy t me t, suv he's, i'm only on that score sheet for progress. so here i'm going to the, like, give you the data piece. you want me to know that was me by while we were doing the

real that project, our friend rob shock came over and said i just found out about this amazing thing. chaos. so we went up to allowed and we looked at the simulation on the la computer and we were just amazed because you could see, even though there were deterministic equations, was making this random looking set of patterns on the screen. and so we got completely fascinated by that and we, um, we created algorithms for finding as identifying patterns in nature that are described by chaotic dynamics, emergency services, valuable time to evacuate, people in danger. the, every time i would talk about this, somebody would say, well, i have to plug this to the stock market. and so i kind of got tired. so,

you know. meanwhile, i heard about the efficient market hypothesis which sets the stock market, sorry, inherently unpredictable. it was a very popular theory at the time and i didn't believe. so normally i once again left, he left his job at university of illinois, and i left my job at solomon's and we gathered with some other younger scientists. does this guy started a company to use computers to protect the stock market? this was in 1991 and what color southbridge, the, those that goes if it goes free, if you have the result of not from a nice home on that come value to homeless,

the problem is all do not turn on the fund is that make up for safety like good that she wants to still continue to move dr. 90. so that can hold for a month no. in your feeling you want to come see me once it goes on. i've also got excited when you are one time of the i know when i bought here the loan on a buzzing done the pirates stock exchange. he's not the only empty shell. even wall street is little more than a movie set these days. this interaction data center is located in the most building on the outskirts of being. i'll stay the company has 13 such co location centers throughout up to you or more than 100 internet service providers. 5 internet exchanges. unimportant client services have computer stations here, as does be in

a stock exchange. the exact location is kept secret and there is no official confirmation of the present stock exchange computers. b, 6 year intakes and bid type is best agents, hands on the internet $9000.00 hoping to get up to you and these are a few more community of interest to be of using them. then you might also, since okay, this has to be yellows. i'm found the name on nissan. i'm the one of the my other question. if the time is of the essence as a community, it has to be done. if you stick it over to the left instead, does it come to the box and the big stick and music on that? i suspect will, does she think you should have some available phone gaming is himself announced this last time comes to me for this reason. the vienna stock exchange has most the importance of, of, of which deals are made, isn't located in vienna,

a tool. it is in frankfort in the race to buy. also, it's important to be as close as possible to the main service of the main stock exchange. proximity is time and time is money. in the 1990 us trading is divided between the new york stock exchange on wall street with its traditional trading sol and its traditional companies such as ibm and general motors on the electronic stock exchange. nasdaq, the therapy markets, actually one electronic 1st many of us who were part of that transition from florida to electronic markets. we kind of were grand in the european markets 1st and then we came back to the states. matter of fact, your x is quite interesting to me looking back because it was the 1st exchange where, where i found on, you know, basically

a cheap to explain the you're going to create it and you got a big promotion for finding a cheat on your x exchange to get prices faster than we sort of and you know, years later when i hit the front page of the wall street journal for my whistle blowing against direct edge. i'm a former colleague from hong uh, contacting me by email and said, hey, what you turned on a direct edge is very similar to what we were doing here. and i've been a whistle blower for a year. and i had not really acknowledge that i was guilty of the same type of thing that i had turned in. you know, i just hadn't equated the tier and made me realize how difficult it is for people to really see what they're doing in our industry.

when we found that prediction we, we didn't know anything about financial markets or our method was to look for patterns in the data. and when we found those patterns, then we would design a training system that we make that's based on the patterns we'd learn some lessons from a lab. one lesson was that you've got that big stock market also to make a good model. you don't have to pretty pretty well, if you're right, 55 percent of the time. if you make enough depths, then you can make pretty good profit. and unlike rule out where if you start, when they can just throw you out or front to break your kneecaps of the stock market, they don't kick you out for winning. so we actually took us about 5 years before

we really found something that genuinely worked in a consistent way. once we did that, it worked very well. and so production company traded subsequently for about 25 years. we ended up selling it to us in 2006 roderick, the born in palestine under protest, truly educated in america, controversial professor in new york. he realized she was the voice of the people on the 20th anniversary of his desk, which is 0 world explores which meet him and influential writer and champion of the palestinian cause in the west. at which time i'll just place on noticing of them. a

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the speed is not certainly essential when operating the stock exchange. investors and traitors also have to react quickly. those who are 1st to recognize price differences between stock exchanges can use this advantage to make a lot of money. at the turn of the millennium, the launch banks realize that they are falling behind the competition. in 1999 goldman sachs spies, the whole trading company for half a $1000000000.00 hall was supposed to be becoming like the backbone of the government and really done it. and it really was a very, very different culture goldman then that whole and many of the my people i related to and didn't feel at home dissatisfied with the

investment banks, business practices, a number a full, my whole trading company employees leave goldman sachs in 2003 boat joins u. b. s, which is planning to open a new trading for in stanford. he is tasked with creating the infrastructure from the ground up. i remember the 1st time i heard about high frequency traders the there's an elevator with a person who has a very, very senior in the business now. and he was complaining about how they would interfere with, you know, the, the trading profits of the desk is running, but, but they didn't make that much money. and that was, that was so, so interesting is that the strategy class meant a huge amount of volume. but not much money at all. and we were like, why would people do that? you know, why would you do all that work and make such a small profit?

many was surprised by the really so fine frequency trading. the financial generalist jennifer niel kept a close eye on developments from the very beginning of nashville for any booking. it's all going to be an issue to the 4 cases they may just see specifically with the youngest objective system of the class. i took a bunch of combat, you know, kind of goals for specific goals that smoke i sees with, you know, i have quest and the height is you go to the, to my food video, please get some assistance. you know, see, i mean that's just because i don't think that's almost that's on office a 100 percent more on demetrius. so yes, it's a big stuff. it gets cook and it's for the whole thing. well, they just kept giving you the stuffy, small, somebody opened it, she said the name of us can sit. it says like the ladies at the to me see, sorry, i'm actually ask them on the topic. it is on the, on the as to the money i what if anything, was that itself,

excuse myself. so i am actually feels while the explosion of high frequency trading in nearly to thousands continues time though day is developing new trading strategies. for example, a u b s equals a science game. he's algorithm follows the simple logic. because the lounge orders are given preferential treatment by the stock markets, the money bought dynamically increases its order to remain at the forefront and push out competitive. however, there is a catch, he has to ensure that the artificially inflated order never actually takes place. if you put huge orders out there of that size in the whole trade, you will go pretty much instantaneously. belly up. okay, um i won't go into details, but it happens it's, it's a game and checking in a way you had to write algorithms that said if you trade at 30000 contracts,

you didn't want to trade those 30000 contracts. so try to dump them immediately on another exchange where some other market makers still quoting 30000. so we, we created all this algorithm and this kind of home, or in terms of getting the large, what we call participation rate. it turned into this horrible game of chicken and hot potato, where you quoted more than you want, and then you really should and there in any responsible manner. and then if you actually got hit, which happened, you needed to dump it on other people before before they realized that the potato was coming, it was as stupid as you can get. it was, it was just stupid. so the algorithm that i designed

was powerful enough that everybody else had to match it. and that actually brought down the market system, the market data system of the us option and market to the brink of like collapse basically so cool for me. i was like, it's just like, literally just loved this. i could see how many months it took for another firm to realize what i was doing and try to interest the same algorithm. and it took 3 years for 7 firms to figure it out. time vote excise game turns him into a financial rock stuff. however, he knows that he can't play the game forever. it is time to strong kyle tony's and i walked out with the team and i set up trading machines. it was a, it's a 2007 and it was designed to be, you know,

a ferrari, but an independent for a to me, for me or it was really a dream is to be independent. that didn't realize it was going to turn into an odyssey. buddha leaves u b. s. at the time when the stock markets in the usa and europe are changing dramatically, positive, this is due to the high frequency trade is the launch investment funds are on good by the fact that the small, flexible, high speed trade is a constant place, nothing up the hills, the banks begin to set topping tunnel exchanges, which allow trades to take place in secrecy. the more than 40 of the so called dark pools are established as alternatives to the 13 regular stock exchanges . in the usa, i love the movement of investors into the dock pools forces the stock markets, decatur to the high frequency trade us and they soon make up the majority of traits

. some estimates put the number as high as 70 percent before alone. the banks themselves kind of resist the temptation of the high frequency money and open up the dump pools. high frequency trading speed is only important that you will see of course sheets that he does the let me know when you shall g r o v. who do you me? who's going to go to lunch? it does or doesn't. yeah. the main street before the furniture pieces we launched, basically into a we traded through it, we scale it out over our rooms and memberships and major changes pretty much hit when i called full footprint. and we went to a half percent us market share pretty much over night. and uh,

things were going very well until may 2009. when things mysteriously stopped stopped working we built the system, we basically measure the trades that we attempted to do were in fact profitable. and that where the transmission shouldn't be doing over the period of 2009. and i started seeing the changes, the, the stock trading. we did change quite a bit over that period of time. and what happened was, um, i have a blanket turn break. you know, i'm getting screwed on the exchange. that's but being toxic me. so what i, what was happening is i would keep reading of a blanket turn break, you know, i'm getting screwed on the exchange. that's what being toxic me. so what i,

what was happening is, i would keep redirecting our trade in towards the exchanges that were less toxic. and then there were not some of the, the last exchange took a toxic which was direct edge, the may of 2009. i was out of the or away from the office and for a week and i came back and there was this dramatic change that was so severe that it basically took the business from modestly profitable to flat. in order to confront the problem time bo deck immediately buys foster connections and the price range. you optimize these, these codes, but the problems increase. he watches power, leslie, the plug drains out to these companies facing bankruptcy, time voting and count as

a direct edge salesman. as opposed to the he just told me any outlined 3 major abuses he'd got interested. and i remember taking on a napkin where we found the pen or something, but i, i wish i had this napkin. so i'm, you know, i'm like, what this is, do you mean it works like this? and he explained to me, these are very, very sophisticated abuses. and he said to me that they built all this stuff to attract type frequency traitors. but they haven't done a good enough job. so now they were going to make new high frequency traders. and i was invited in the club to become a new user i. it was 20 minutes of work to fix these problems that i had been chasing for half a year. and this guy could have just told me half a year ago. and you know,

if he had told me much earlier, i probably probably wouldn't have crossed my mind how wrong it was. but i was so angry, you know, it was very clear to me that you either use the cheats or you were a victim. it was designed, there was no middle ground. you don't, you? you cannot be innocent. once by dick discovers the reason that he's companies failure inbox on a last ditch attempt to save it. however, he is too late. trading machines, pinches bankruptcy during the turbulence of 2010, and 2011. for the 1st time time they've dec, he's forced to confront the realities of high frequency trading. do you think the high frequency trading the industry wants to say? well, we're using, you know, on documented special order types and an obscure abuse exemption and regulation. and i'm, and i'm us to get to the top of the, you know,

they're going to tell you they're faster than you. and that was, you know, that's a false flag let's say, or i don't know what the right term is, but uh, you know, the red herring speed is a red herring for that for um, for a lot of, of tricks that my industry has developed to get ahead of other people, the activities of the high frequency trade is remain hidden from view for a long time. in 2010, something happens that suddenly lifts the veil up to 32 pm on the 6th of may, 2010. the us financial planning company would ellen re places a huge buying order for forward contracts, valued $4100000000.00 using an automated execution algorithm. it is a huge jawed, an extremely promising for high frequency trade us the money bought immediately

begin to buy and sell at lightning speeds. and without blinking up chat prices immediately begin to collapse. approximately 3500000 chance are affected and more than 200 companies lose their entire share of value in the matter of minutes. nobody knows what is happening. 13 minutes later, the chicago mercantile exchange is forced to stop trading. so much liquidity is being sucked to the market. the dates endangered of total collapse. after breaking trading of 5 seconds, the market comes down to get the costs of the events of may 2010. he's never fully resolved. the largest flash crash to date happens on the 5th of february, 2018. its impact is felt around the globe and prices besides in this conversation about escaped items that are still inside fish, quotes not even flash crash. so it doesn't often i'm with the blower to bought,

committed ones, they all have to invite the money for the funding for the boss. and that's because that's the most money for get warranties and flash crash advice. so if you on doing thomas john from the casinos to los alamos, known to wall street, eventually takes him talks that way he know, studies stability and complex systems like the financial markets. the, i think part of what happens in flash crashes though we haven't got to the bottom flash crash. it's as well as we should there, algorithms running. and they're just reflexively doing something and they're going right. right on doing it. even though it would be better to stop because that's what their program to do and they don't have time to think about it any more than running a training system that literally cares about micro seconds. that means you have to

write code that's extremely spare. if you're a single hits your machine, the machine should have most quite a few lines of code and then it has to make a trait. you have to do everything super quick. you can think about it pretty much . what i say you, i mean the machine can think about it pretty much i do think we have to worry those markets go faster and faster. we're opening up the possibility for an instability. as a result of the collective interaction of our frequency, traders with other parts of the market. and we're doing that for no, no useful purpose. it'd be one thing if we were taking these risks because it gave us something that was valuable. it doesn't give us anything valuable, just makes a few people rich and they get rich in a crazy way. they get rich by, you know, co locating servers next to the stock exchange and writing algorithms that trade on

the instantaneous glitches of other orders hitting the mark. critics of high frequency tasman, see me said one directive results in stock exchanges having to look for new clients . a similar regulations did in the usa as a result, high frequency trading gains and increasing photo renew or small kids regulations pertaining to high frequency trading that were passed by the you call them and they're over to the last possible moment by the finance ministers in the comes with the european union membership goodness, i know the phone, the i think with the owner of the non smell it to me to get you out of the way out to my toes and fields with those. and so you can go in and calculate and have to show what i know like what you gave him. the dentist with that he's a bygone the think was the owner of, you know, i'm just now to really get you out of way. that's why it doesn't feel it's about those and so you can go in and calculate them. have to show what i know like what you want to do. the dentist would use it by good talking to me. i mean most back with decides huffman just to my goals into it. so if and feelings for those. and so

what's, what doesn't quite soon do you think would you want a few months, not to sort of answer when you and so i know i know traditionally because the ones that seem bad because i'm most definitely will click on this 100 and i want to contribute the bought as the as somebody who can afford to come to come the parliament agrees on a holding period of no point 5 seconds. and the cancellation fee designed to restrict high speed trading. the best is done above the 6 months. it comes to jointly, cliquish def, i thought so the meet the truck will happen, hired to the screen. it doesn't play. so i think the goal is to feed on spencer the looks of which we are the probably use for the fall. unfortunately, the wasn't as interesting pronounced what it is. we thought them that nothing happens with that in class. so got it to me about all these. you want me to ask them if it comes in for me, please. most of what to name?

well not really. how much deep cleaning on the sofa it looks like hundreds, hundreds, vacancies typically emphasis for the supply. was he? hi. this is mindful of the inconvenience and i am for the ones who go through the me to give them to meet the truck and vans. we start going be enticing the little bit use this real quick runs condo submitted for non smocks legal implant and finally got them. so if you will, then we can spend the time for me to click on the elective finance. it won't let me can spend dollars. so it is, i think a tool does as often as i can see it on the south end up sort of what's the best that i was a kind of dealing with thoughts down think was the only benefits i just looked at in 2012 the same year that the used thoughts working on the move in to directive time the deck becomes a whistle. the in the usa he's met with powerful opposition. and the bankruptcy of

his company affects him deeply. to me it's not about, you know, the possessions. right, and the status symbols to me 1st or rejected, but then i realize at some point that you literally get paid or in that you get more opportunity. you get bigger bonuses if you want a boat right between your compensation, what they expect your demands are. that's how this business works. it's, it's very, very difficult to play the wall street game and be modest. you are not rewarded for modesty. now it will say after a long period in the business, it did start to corrupt me. and the whistle blowing because was an amazing experience because i didn't think i had been corrupted by the business. and i will

tell you one of the 1st time is i realized that i was, was when i had to mow my own lawn. i live in a neighborhood where people don't know their own lives. so if you go it out and while you're online, it's noticed. and i will say that setting that was a liberating but it took a lot longer than i thought. it's disturbing how much of those symbols of the status of wealth become essential to people feeling self worth. the most of the retaliation was done through the industry,

quietly. i and, and you know, it was a kind of a strange mix in that, um to the people who were uh, lease support of where the for the victims is completely confusing. i thought that what i did was providing information that would balance things and kind of repair the uh, the industry. the victims were basically uh, embarrassed what investment bank wants to admit has been routing orders that have been abused for like 5 years by exchanges. high frequency traders what pension fund wants to admit that. right, so i didn't get the love from from that side of the fence, but it was very strange is i got a lot of attention from the high frequency traders, especially a high frequency training executives who kept trying to read on me back.

i will say that the process made me respect the bad guys way more than the rest of the industry because they were actually right about the risk they were right about the regulatory response. they pushed things to a level where they could manage it and they didn't go beyond it. there was when the president of a large, high frequency trading firm that had multiple percent market share of 4 percent market share. and he told me, says even if you tell everybody what we're doing, the bias site is, so least they won't read anything. they won't understand anything. they just won't do the work. you can just put it all out in a map and nothing will change. and i so don't me,

so we'll see about that. so year later, i'm at a conference where i debated them. and after the conference i said, you're totally right. but anyway, over everyone's had that was like, there, there is a, i think over 500 pages in the federal registrar of changes and documentation on features of exchange. its, its entire purpose was the level the playing field. and i think the only people who really read it were lagrange the traitors. repeating what's because if it's even more, somebody do home for a small room, thought i machine most homeless because he to go with the machine a book, the fuser next to them presented to them. imagine that the have you looked in street? so when i got into this business, i thought the whole point was to replace the old boys plan to get rid of it. and

um, what i learned after 20 years is what we ended up doing. so we automated the old boys club. it's a live, it's driving, it's in the albums the the coveted beyond well taken without hesitation forth and died for power that finds out loud. we live here, we make the rule, not them. they find an enemy and then they try and scale the people with that. and

the people in power investigate, expose this and questions they use them to be the power around on out to their i care about helping us engages with the rest of the world. i cover foreign policy, national security. this is a political in house. here's the conflict. are we telling the good story? we're really interested in taking you in to a place that you might not visit otherwise. it's absolutely feel as if you were there the brought to you by visit capital, colorado. we've got some rather live the stalls moving across the central parts of the us. you can see the span of the plat stretched from the lakes right down to texas. this is a very active weather system behind that we have cold weather in place. how does that still some will that, but notice dallas long last but life 30 degrees celsius. that's been

a good 2 or 3 months now they've been not same temperature is as low as $27.00 sales just a little more like so the heat just starting to a base across southern most parts for the race. we're looking at some respectable values that they see it around 2422 in new york. so what's the weather coming in to that northeast and corner actually is pushing back into new england. that could cause some local laws thought in quite a brisk wind here as well. and the cat and rain was right down the east disabled the deep south. let me go to that kula whatsoever. coming into dallas. well, combine full. i suspect that rain showers to have it was southern parts of the rockies, but the showers will pet pop as we go on into west stifle oklahoma and into texas. the west is generally try and find plenty of sunshine around, so i'm showing his house. meanwhile, across the car, and you can see her occasionally, that's making his wife. i don't know if he's was not cutting that of the weather

brought to you by visit castle. every year, thousands of monkeys to use twisted into the corsets activate, conservationists say, protesting seems to me 11 east investigate, assuming the legal trade and meet scientists hoping to keep them. i'm doing some lice. b on this, on a tree. caught to you of mine for business on out is 0. this is the off the mazda next russian attack in order to keep in the sacramento region. the victims took $68.00 at the school. in front line villages be sent to the printer because lifeline for those cookies and wanted to have only the old did you remain every day to break for the age of attentive but many have see at these connection points may become a regular talk. it's a 2 year old alexandra, so came from the state. she refuses to nice. they used to ask me, granny, what do you need? i would say i didn't need anything except i saw a young soldier died. just say that the,

i wish it would be ross and from him he was a very young. some people were buried in the homes because were too dangerous to go to the graveyard. russians and ukrainian sisters, friends. why did they do this to us? the story of this village is the same as many of us spread across the eastern front, like no electricity, no running water dependent on food a very we need to rest. apart from the constant, jenny, the, the associate, devastated by floods in east libya. more than 5000 people are dead, thousands more, miss the around the clock. this is out 0 life and also coming out of massive search and rescue operations still under way morocco is more international aid arrives in the kingdom following last week than the gold grid leaders in russia. where is expected

to hold towards the flood to be a.