Market participants react to Michael Lewis’ controversial new book Flash Boys: A Wall Street Revolt
The release of Michael Lewis’ new book accusing
high-frequency traders of rigging the markets has ignited
further debate in an already contentious subject, and market
participants are now weighing in on the matter, writes
In Flash Boys: A Wall Street Revolt, Lewis alleges
the markets are rigged by high frequency traders along with
other major players in the industry, claiming they are able to
front run orders.
Through lightning-fast speeds, Lewis claims high frequency
traders are able to buy in front of the rest of the market and
profit from the advantage of knowing the prices in feeds slower
At a time when regulators are looking to curb high-speed
trading and the first HFT firm is launching an initial public
offering, Lewis’ timely accusations have sparked
much debate within the industry.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.