Posted by KLI on March 31, 2014 at 12:51:18:
In Reply to: Re: New book “Flash Boys: A Wall Street Revolt" posted by Jod on March 29, 2014 at 11:17:00:
: : A new book “Flash Boys: A Wall Street Revolt by Michael Lewis says the U.S. stock market is rigged to hurt the average investor and benefit high frequency traders. He says computer-based high-speed trading gives them the ability to identify your desire to buy shares in any stock, buy the shares fractions of milliseconds in front of you, and then sell them back to you at a higher price.
: Why isn't that illegal?
Last night, 60 Minutes had a segment on exactly this subject (search for "HFT market rigged" at the 60 Minutes TV show's site for an online video of the program). Now that they have publicly embarrassed the regulators, it may finally be made illegal as it should have been a long time ago.
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