A thrilling documentary about a genius algorithm builder who dared to stand up against Wall Street. Haim Bodek aka The Algo Arms Dealer. Haim Bodek is a former Goldman and UBS trader who has come firmly out against how stock exchanges work with high frequency traders. Mr. Bodek had worked with rapid-fire trading firms to give them an unfair edge over everyday investors.
The CME shuttered all pit trading activity after almost 170 years. And with it died the pit trader a very stressful but lucrative job characterized by harsh competition, frenetic screaming and hand signaling among men exchanging billions of dollars worth of commodities per day. Let’s go back in history to remind us how it was back then before everybody started to hide behind a computer screen.