Day Traders To Billionaires - Online Trading in the 1990's

Todays podcast is about the history of day trading and day traders.  In order to better understand how markets work it is worth taking a look at the history of retail day trading, which goes back to the late 1980’s, when new technologies allowed a small group of smart and aggressive traders to take on Wall Street and win. Nasdaq market makers at the time called these traders the SOES bandits. We discuss the market inefficiencies that the early day traders were exploiting, what became of them, and if there are lessons applicable to today’s markets.  We will see how the ideas of these early day traders transformed into modern high frequency trading. Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceBook Recommendations:Flash Boys by Michael Lewis: https://amzn.to/3iKduwhDark Pools by Scott Patterson: https://amzn.to/30OdW6xSEC Litigation Release: https://www.sec.gov/litigation/litreleases/lr17929.htmPatricks' Books:Statistics for Traders:  https://amzn.to/3eerLA0Financial Derivatives:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvC Visit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoyleSupport the show

Om Podcasten

This podcast is all about quantitative finance and financial history. Subscribe to hear about financial markets, derivatives, and how investors use quantitative tools from statistics and corporate finance theory. Included are interviews with some of the most interesting thinkers in finance. Occasional longer form financial documentaries, open up fascinating elements of financial markets history. Patrick Boyle is a quantitative hedge fund manager, a university professor, and a former investment banker. To contact Patrick visit http://onfinance.org Find Patrick on YouTube at: https://www.youtube.com/c/PatrickBoyleOnFinance DISCLAIMER:This podcast is not affiliated with any financial institution. The information provided is for entertainment purposes only and does not constitute financial advice. Those seeking investment advice should seek out a registered professional in their home jurisdiction and confirm their credentials on your national regulator's website. Patrick Boyle is not responsible for any investment actions taken by viewers and his content should not be used as a basis for investment or other financial decisions.