The Investopedia Express with Caleb Silver cover image

Live from the Floor of the NYSE with Bob Pisani

The Investopedia Express with Caleb Silver

00:00

Is There a Computer Running the Stock Market?

Many of these designated market makers are still the largest traders in their stock and so they have significant positions. There's no computer that owns an algorithm. Nobody. The algorithm is owned by somebody who owns the stocks and there's always somebody there who's writing the algorithm as it's being executed. People exist who own stock who write programs and believe me if it didn't work they change it, artificial intelligences do not lose or make money in the stock market.

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