A review by teriboop
Flash Boys: A Wall Street Revolt by Michael Lewis
4.0
Flash Boys is a look at the inside of the High Frequency Trading of the US stock market/financial world. A small group of young Wall Street guys came together to change the way HFT is done, seeing that some banks had an edge in trading that seemed inconsistent and possibly rigged. Michael Lewis chronicles the business lives of these "Flash Boys", men like Brad Katsuyama and Sergey Aleynikov who exposed the issue of HFT rigged trades and created their own exchange to even the playing field.
I work in the financial sector but not in the direct area of trading. Dealing with the technical side of things I understood, to a point, the "need for speed" in trading but not to the extent that the book exposed. I see things much differently now. A very interesting and eye-opening look into the stock market.
I work in the financial sector but not in the direct area of trading. Dealing with the technical side of things I understood, to a point, the "need for speed" in trading but not to the extent that the book exposed. I see things much differently now. A very interesting and eye-opening look into the stock market.