Flash Boys: A Layman’s Guide to High-Frequency Trading and Michael Lewis’s Book - What Is Wall Street Hiding From Investors?


Paperback: 100 pages
Publisher: CreateSpace Independent Publishing Platform (October 13, 2014)
Language: English
ISBN-10: 1502813580
ISBN-13: 978-1502813589



This book includes a layman’s guide to high-frequency trading, an unofficial guide to Michael Lewis's Flash Boys: A Wall Street Revolt, and our critique of Lewis's Flash Boys. High-frequency trading (HFT) refers to buying shares and other financial products in huge volumes and at extraordinarily high speeds, and then selling them at a higher price. High-frequency traders, which are also known as HFTs, are not real human beings. HFTs are highly sophisticated computer algorithms, and they operate much faster than a human does.  In his book Flash Boys: A Wall Street Revolt, Michael Lewis argues that HFT firms, Wall Street big banks and U.S. stock exchanges are conspiring to rig the market against non-HFT investors. He argues that the stock market is being manipulated in favor of insiders who have made many billions of dollars by exploiting computerized trading. In our book, we aim to investigate Lewis’s argument that finance is not a clean game, but rather a device for drawing revenue for the very rich one percent.