EAN: 9780393244663

FLASH BOYS - MICHAEL LEWIS GEBUNDEN

Flash Boys is about a small group of Wall Street guys who figure out that the U.S. stock market
has been rigged for the benefit of insiders and that  post-financial crisis  the markets have
become not more free but less  and more controlled by the big Wall Street banks. Working at
different firms  they come to this realization separately  but after they discover one another
the flash boys band together and set out to reform the financial markets. This they do by
creating an exchange in which high-frequency trading-source of the most intractable
problems-will have no advantage whatsoever.   The characters in Flash Boys are fabulous  each
completely different from what you think of when you think "Wall Street guy." Several have
walked away from jobs in the financial sector that paid them millions of dollars a year. From
their new vantage point they investigate the big banks  the world's stock exchanges  and
high-frequency trading firms as they have never been investigated  and expose the many strange
new ways that Wall Street generates profits.   The light that Lewis shines into the darkest
corners of the financial world may not be good for your blood pressure  because if you have any
contact with the market  even a retirement account  this story is happening to you. But in the
end  Flash Boys is an uplifting read. Here are people who have somehow preserved a moral sense
in an environment where you don't get paid for that  they have perceived an institutionalized
injustice and are willing to go to war to fix it.

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