Michael Lewis' latest book - Flash boys: A Wall Street Revolt

Andy Nguyen · 4/3/14

Have anyone seen his latest book about Wall Street HFT and the guys at RBC who discovered how they game was rigged.
http://www.amazon.com/Flash-Boys-Wall-Street-Revolt/dp/0393244660/

It may not reveal much that we haven't known but it's an interesting read, specially for fans of Michael Lewis story telling style.
NYT ran an article from him that should give you idea on what to expect from the book.
http://www.nytimes.com/2014/04/06/magazine/flash-boys-michael-lewis.html?src=me&ref=general

deadbeat · 4/3/14

http://blogs.reuters.com/felix-salmon/2014/03/31/michael-lewiss-flawed-new-book/
http://blogs.reuters.com/felix-salmon/2014/04/01/the-hft-debate/

ElephantParks · 4/3/14

Lewis tells a compelling story as he always does. I started reading Flash Boys two days ago and can't put it down. Funny thing is I didn't know this book was coming out till I saw that epic debate on CNBC between Lewis, Katsuyama and O'Brien, which was something I haven't seen for a while on TV.

http://blogs.marketwatch.com/thetel...hael-lewis-brad-katsuyama-and-william-obrien/

C S · 4/4/14

Article was a great read. But once you cut through the story telling, there isn't really any evidence that HFT is bad for the economy or society at large. Yeah it makes things more complicated. Someone's gonna get "scalped" but boo hoo? People always lose when someone else wins. The rest of Wall St, including brokerages, just have to get smarter and work harder. Which they've been doing.

bigbadwolf · 4/4/14

The book will sell well, probably make it on to the NYT bestseller list. But it won't have anything we don't already know. It's been written for the lay public. HFT is a parasitical activity -- but then so is most of finance.

MNRC · 4/5/14

I've started reading this book and based on what I've read so far (and articles/videos with Lewis and Katsuyama) I'm not convinced that HFT is any more unethical than the rest of finance or business in general. The market is about the survival of the fittest.

Is anyone surprisd that the ones crying foul are the losers in the game? I didn't notice anyone from Jane Street or D.E. Shaw complaining about the unfairness of HFT.

Earl Chua · 4/7/14

http://insider.thomsonreuters.com/l...0MTEyMC01NWY5LTRjZDItYjQzOC1iNTNiMzAyMDJhN2I= A rebuttal-of-sorts to Michael Lewis' theses.

bigbadwolf · 4/9/14

Max Keiser discusses HFT in the first half, mentioning Michael Lewis's book:

John Marks · 4/9/14

Max Keiser, as every journalists and moron out there, thinks hft=front running. Is this anti-hft campaing going to affect whatsoever the HFT firms? I know the Economist magazine hates quant (http://www.economist.com/news/finan...-spot-and-ride-market-trends-are-hoping-fresh). I think this is just an anti-hft campaing done by the losing guys and supported by this moronic journalists.

MNRC · 4/10/14

John Marks said:
Max Keiser, as every journalists and moron out there, thinks hft=front running. Is this anti-hft campaing going to affect whatsoever the HFT firms? I know the Economist magazine hates quant (http://www.economist.com/news/finan...-spot-and-ride-market-trends-are-hoping-fresh). I think this is just an anti-hft campaing done by the losing guys and supported by this moronic journalists.

Agreed. I think there are many companies and Bernie Madoffs in the industry that would like nothing better than to see hf/algo trading die a quick death.