071: Eric Hunsader Rigged Markets, Stealing and Corrupt Regulators w/ Founder of Nanex

Published: May 5, 2016, 9:20 a.m.

b'A big guest on the podcast this week\\u2014a man who for many won\\u2019t need any introduction, he is; Eric Scott Hunsader.\\nEric started out as an algorithmic trader in the early 80\\u2019s, soon after became a self-taught programmer, and since then he\\u2019s written many software applications for financial data. But today, Eric is the founder of Nanex, a whole market streaming data feed, which transmits 20 billion data points every day.\\nWell-known for speaking out against the many issues that surround high frequency trading, Eric will tell you straight; HFT firms are stealing money, exchanges have rigged the market, and the regulators that allow this type of activity to continue are corrupt individuals.\\nAdditionally we talk about quote stuffing, mini-flash crashes that occur on a daily basis, and why Eric recently received a $750,000 whistle-blower award from the SEC.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'