Order & Buy From Amazon So Click Here >>>> Flash Boys: A Wall Street Revolt
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Flash Boys tells the tale of the arcane and long-secret phenomenon known as high-frequency trading (HFT). The book reads like a thriller, showcasing the author’s legendary writing talent. Like the best fiction, it’s centered on people, not abstract processes or institutions, and the prose sings.
As Lewis discovered, HFT is one of the ways that Wall Street cheats investors — and not just small-time investors like you and me, but also the elite folk who manage multi-billion-dollar pension funds and mutual funds (and thus, indirectly, us as well). Initially, the practice was limited to a handful of traders working in small, independent shops, many of them Russian immigrants with advanced degrees in math or science. However, in the course of Lewis’ exploration of this complex and clever technique to game the system, he learned that many of the big Wall Street banks bought into the process as well and gained enormous profits as a result. Altogether, Lewis attests, HFT has robbed the investing public of billions of dollars.......
Order & Buy From Amazon So Click Here >>>> Flash Boys: A Wall Street Revolt
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