By Michael Lewis
4 years after his no 1 bestseller the massive brief, Michael Lewis returns to Wall road to file on a high-tech predator stalking the fairness markets.
Flash Boys is set a small crew of Wall highway men who determine that the U.S. inventory industry has been rigged for the good thing about insiders and that, post–financial predicament, the markets became no more unfastened yet much less, and extra managed by way of the large Wall road banks. operating at varied corporations, they arrive to this cognizance individually; yet when they observe each other, the flash boys band jointly and got down to reform the monetary markets. This they do through developing an alternate during which high-frequency trading—source of the main intractable problems—will haven't any virtue whatsoever.
The characters in Flash Boys are excellent, every one different from what you're thinking that of should you imagine “Wall highway guy.” numerous have walked clear of jobs within the monetary quarter that paid them thousands of bucks a 12 months. From their new vantage element they examine the massive banks, the world’s inventory exchanges, and high-frequency buying and selling organisations as they've got by no means been investigated, and divulge the numerous unusual new ways in which Wall highway generates profits.
The gentle that Lewis shines into the darkest corners of the monetary global will not be stable in your blood strain, simply because in case you have any touch with the marketplace, even a retirement account, this tale is occurring to you. yet in any case, Flash Boys is an uplifting learn. listed below are those who have by some means preserved an ethical experience in an atmosphere the place you don’t receives a commission for that; they've got perceived an institutionalized injustice and are prepared to visit warfare to mend it.
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Extra resources for Flash Boys: A Wall Street Revolt
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