This week, the “Masters in Business” radio podcast features Joe Saluzzi of Themis Trading. He and his partner Sal Arnuk are co-authors of the book Broken Markets: How High Frequency Trading and Predatory Practices on Wall Street Are Destroying Investor Confidence and Your Portfolio.
In our podcast, Joe discusses how regulatory changes and a shift in ownership from Non-profit to For-profit status for the exchanges led to a major shift in how markets were structured. These have led to all manners of problems, including the May 6, 2010 Flash Crash.
Since then we have seen mini crashes in individual stocks, and more recently, Treasuries and even Currencies. Listen to the podcast live here at 6pm, on Bloomberg, Apple iTunes or SoundCloud. All of our prior podcasts are available on iTunes.
Next week, we speak with Michelle Meyer of Bank America Merrill Lynch.
