Traders on the floor of the New York Stock Exchange today. © Richard Drew/AP/Press Association Images
Traders are disappearing from Wall Street due to the rise of high-frequency trading © Henny Ray Abrams/AP/Press Association
Read a review of Flash Boys by Michael Lewis
Recently, Michael Lewis, the author of the new book Flash Boys, told 60 Minutes that “the stock market is rigged” by exchanges and high-frequency traders that use superfast computers, lightning-quick data networks and complex algorithms to execute enormous volumes of stock trades in milliseconds.
Now that high-frequency trading is finally getting the attention it deserves, the response has quickly devolved into a…
Register today to continue reading
You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.
You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.
Prospect may process your personal information for our legitimate business purposes, to provide you with our newsletter, subscription offers and other relevant information.
Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.
Already a subscriber? Log in here