The Geiger Index

On December 22, 1998, the SEC adopted the Regulation of Exchanges and Alternative Trading Systems.

It’s also known as the day manipulating the markets became legal.

Keith Fitz-Gerald was working deep inside Wilshire Associates, a heavyweight international investment firm and one of the world’s preeminent analytical giants.

His place on Wall Street let him see what was happening up close with access to hundreds of billions of dollars in transactional data for review.

Within weeks, Keith realized three critical things about the computers that now make over 70% of the world’s stock trades.

First, this complex network operates virtually on autopilot, executing trades without any human element or independent thought in the equation.

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