Flash Boys By : Michael Lewis
Book Excerpt :
From the #1 bestselling author of The Blind Side and MoneyballFour years after his #1 bestseller The Big Short, Michael Lewis returns to Wall Street to report on a high-tech predator stalking the equity markets.Flash Boys is about a small group of Wall Street guys who figure out that the US stock market has been rigged for the benefit of insiders and that, post-financial crisis, the markets have become not more free but less, and more controlled by the big Wall Street banks. Working at different firms, they come to this realization separately; but after they discover each other, the flash boys band together and set out to reform the financial markets. This they do by creating an exchange in which high-frequency trading?source of the most intractable problems?will have no advantage whatsoever.The characters in Flash Boys are fabulous, each completely different from what you think of when you think ?Wall Street guy.? Several have walked away from jobs in the financial sector that paid
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