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Let’s talk about what took place on the flash crash back in 2010. Anytime we make a change from a market structure standpoint from an order type standpoint, that has to be fully approved by the Commission. RITHOLTZ: That’s interesting. Let’s talk about some of those. These are all old data systems. MARTIN: Yeah.
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Not only did he serve on the Brady Commission looking at the ’87 crash, but his history of investing and trading and public service, both at the Fed and the Chicago Board of Trade and Treasury Department, really unparalleled, as well as just a pretty amazing track record as an investor and trader. What did you find? RITHOLTZ: Right.
ANAT ADMATI, PROFESSOR OF FIANCE AND ECONOMICS, STANFORD GRADUATE SCHOOL OF BUSINESS: So, my journey starts where I took a lot of math. I was good in math and I love the math. So, I was kind of, in my romantic mind when I was in my early 20s, I was going to take but not give back to math, that kind of thing. ADMATI: Yes.
And so he set me off in a direction that was practical and at that point, commission business that he generated was ginormous, I’m sure. I’d been ranked i i back in the seventies, if you can do the math. And so I tried to find something that I could do that would be of interest to basically an equity investor.
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