Flash Boys
| Author | : | |
| Rating | : | 4.45 (836 Votes) |
| Asin | : | 0393244660 |
| Format Type | : | paperback |
| Number of Pages | : | 288 Pages |
| Publish Date | : | 2014-09-27 |
| Language | : | English |
DESCRIPTION:
This they do by creating an exchange in which high-frequency tradingsource of the most intractable problemswill 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 them millions of dollars a year. But in the end, Flash Boys is an uplifting read. 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. From their new vantage point they investigate the big banks, the world’s stock exchanges, and high-frequency trading firms as they have never been investigated, and expose the many strange new ways that Wall Street generates profits.The light that Lewis shines into the darkest corners of the financial world may not be good for your blood pressure, because if you have any contact with the market, even a retirement account, this story is happening to you. Here are people who have somehow preserved a moral sense in an environment where you don’t get paid for that; they have perceived an institutionalized injustice and are willing to go to war to fix it.. Working at different firms, they come to this realization separately; but after
Michael Lewis, is the best-selling author of Liar’s Poker, Moneyball, The Blind Side, and Flash Boys. . He lives in Berkeley, California, with his wife and three children
"A true snapshot in a still evolving financial world" according to Shawn. I retired from the hedge fund world and I can tell you that this book is mostly on target. For those who deny that HFT (high-frequency trading) is a rigged game, either they are un-informed or disingenuous.It wasn't always like this. There was a time, when a bid was a bid, and an ask was an ask. If you liked the ask, you could hit the buy button and have a buy order confirmed instantly. Likewise, if you liked the bid, you could hit it and have a sale order confirmed instantly. That instant used to be measured in seconds or less. Then came along the HFT algo. A. Does your pocket feel picked? Fred Forbes One of the things I enjoy about Lewis's writing is his ability to explain difficult and complicated subjects. This one on high speed stock trading was no exception. Even though I am in the financial services field, there are aspects of this topic that were totally mystifying. Glad to see I had a lot of company and glad to see steps are being taken to reduce the opportunity to pick your pocket when trading stocks. The techniques may be legal, but they are far from fair or ethical. I think this book is best suited for those with some background in finance or ser. The good guys of the book seem like noble people You can't go wrong with Michael Lewis. I've read a few of his books. You can tell he does his research and interviews. He knows enough about finance to write these kind of books, but he's distant enough to appear neutral. This is a fair book, he's not just being anti-rich or anti-establishment, but he's giving enough grief to the villains to make it enjoyable. The good guys of the book seem like noble people.The book is half technical / half good vs. evil. The ending does seem incomplete, but I think it's because he wrote it before all the dust settled.
He can untangle complex subjects like few others. Stewart, New York Times“Lewis is a top-flight storyteller.” - Lev Grossman, Time“A fast-paced tale backed by gutsy reporting.” - Tina Jordan, Entertainment Weekly“A tour de force that will grab and hold your attention like the best of thrillers.” - Jon Talton, Seattle Times“Lewis writes about the resilience of underdogs, even in the face of seemingly overwhelming odds. His prose sparkles.” - Joe Nocera, New York Times“Fascinating.” - Steven Pearlstein,