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Yeah good morning I'm telling packed in from -- in Cincinnati this week thanks for joining us here -- in live we're talking all about small business today.
And if you check your calendar it's been about six days since that three hour freeze on the NASDAQ -- froze more than five point six.
Well we're going to see if small businesses may have a solution because right now -- -- and NASDAQ can't seem to come to an agreement.
-- actually what went wrong I'm joined by -- -- care all.
From box admit dot com -- your time today thanks for having me yeah great article on the website where you talk to small businesses and startups about what they might be able to do to address this type of technology snap -- So I spoke with.
Alexander -- -- that PH ski season.
A fellow at the institute for applied computational science at Harvard.
And even media fellow at MIT's media laboratory.
That I'm pretty Smart guy cat and he started a company called Kennedy.
Works on software at bats in the artificial intelligence based.
That he says can actually.
Help solve the issues that we saw last week with a flash freeze companion in the rise of high frequency trading and automation in the market.
You -- glitches happen all the time or miss communication is aware.
You know you can lose a lot of money pretty quickly and -- don't have human thumping that we help it's -- -- stop it as quickly as it starts.
So what's going a little bit -- what he's saying about why Disney it happened was he also prize.
He can't really talk specifically about what happened with the NASDAQ -- -- last week.
Bob gripe gripe -- Bob -- felt sorry about that.
That CEO of NASDAQ spoke to you fox -- lift clean and last -- he said that it was just a glitch in -- no hacking with involved obviously as you mentioned.
Nice -- and the NASDAQ still haven't quite content -- -- -- Decision or agreement.
When it comes to what exactly went down but it sounds like it was plastic clips and when you're dealing with technology yet and you and his had a broken computer knows.
Glitches happen all the time.
So what are proposing water somebody sent up saying but what they can do to prevent this from happening in the future I know the you written a little bit your article about.
Fiber optic cables in different ways that people can build faster more reliable technology.
So many companies are focusing on its fiber optic cables as a way of providing even faster communication.
High frequency trading -- all.
It's time who can get CDs little -- nations and prices.
I even after -- -- So I -- optic cables are one way of providing communication -- you didn't fast act.
The company that I spoke with -- -- not bear focusing on software that can't really.
Held markets or government agencies.
Figure out the best way to handle these sorts of situation where there's a ton of -- you don't have humid for there to say okay.
We're going to slow this down we're going to -- that's that's a bit artificial intelligence software basically helps you.
Figure out the best way to keep things scowling men without having to take everything out.
So -- -- Germany's main competitors are they really pioneering space this isn't really a pioneering company.
He worked with -- networks which is one of those companies that provide -- Fiber optic cables so he -- at the forefront of this field.
But this is really -- new space act as we can see with high frequency trading.
Which really gained in popularity through the nineties and through the early two thousands.
This is a new field so that future is really being ready and right now with regard -- -- where science we'll take us.
We'll certainly and there's a lot of different events that have contributed to this becoming a very important space that.
Where there is there is some demand we had the flash crash.
Not too long ago and now we have this and you what are some of the problems that -- -- you might be anticipating.
To see in the future.
He says that Kennedy is software which is called and proper -- has a variety of applications both in the government's space.
And in the financial states so in the government states that he he has a video online.
That's very interesting he shows -- You could use it to figure out.
How to move here -- around the world so it's so a lot of very interesting application of this artificial intelligence software.
I had a very interesting topic and because you think artificial intelligence.
I think robot many over the world and he said that you can actually build this software Q do you know you which is really meant incarnate.
That he said that the software is basically -- built to mimic the way that we want units to -- React to crises that you -- the best practices.
Built into the software so that reacts the way we would want to.
Now how do you think fit people.
In -- marketplace that companies that are list on NASDAQ would feel about something like this and you cover a lot of different small businesses and big businesses.
What do you think the reaction to this actually going means stream would be.
Well I spoke with.
-- -- -- who is that senior analyst analyst at the tap group studying up markets and he's that high frequency trading automation.
It's a way of life its active flight nap and we're not going to be backing down going to be getting any slower in the market.
They need for speed is here to this day.
So if -- software that's being built that can provide a safer way to conduct business on the markets companies are going to want to.
Except that software and are going to welcome.
But it's all about providing safety because -- flash -- says.
They -- very costly as we signed when he twelve with Knight capital they're technology -- cost the company 450 million dollars.
Than we know that little.
And -- out -- exactly how long do you think it will take for more companies are joining us face and become more common place I know.
I'm just thinking about like mobile phone technology and how.
Now there's more more competitors and the anti virus space it's not just look out anymore and companies like that.
I wonder that also applies to this type.
Absolutely the fiber optics space it's becoming more crowded as companies.
Race he would find the fastest way to transmit communication.
And -- Gemini and I'm sure competitors are.
Racing to come up with -- latest technology when it kind of artificial intelligence it's a very -- space will be watching it.
Over at foxbusiness.com.
And we're excited to see.
What -- technological improvements will be in the -- a.
Thank you so much for joining it's really interesting -- be watching that's for sure.
You can see -- browser article at foxbusiness.com.
It's right there in your screen outside of racing to offer markets speed insecurity some very great reporting thanks for -- thank you for having anything.
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