Posted by Len on April 02, 2014 at 11:23:10:
In Reply to: New book “Flash Boys: A Wall Street Revolt" posted by JEJ on March 28, 2014 at 17:28:41:
: 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.
Man, did this book get the attention of Wall Street. Every TV channel that has anything about investing has been putting on special programs about it: Bloomberg, CNBC, CNN, even pro-business FOX news. They all seem to be in a panic.
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