Flash Boys: A Wall Street Revolt
Michael Lewis
Flash Boys: A Wall Street Revolt is a non-fiction book written by Michael Lewis, published in 2014. The book is about high-frequency trading (HFT) on Wall Street and the team of oddball techies who built a system to beat them. The book follows the story of Brad Katsuyama, a former trader at the Royal Bank of Canada, who discovers the corrupt practices of high-frequency traders that have rigged the stock market in their favor.
The book exposes the unfair advantage that high-frequency traders have over other traders and investors in the stock market. Lewis describes how HFT firms use complex algorithms and speed to manipulate the market and profit from tiny price differences in stocks. He also shows how HFT firms use various tactics, such as manipulating order books and exploiting market data, to benefit from the trades made by other investors.
The book is written in a gripping and accessible style, making it easy for readers to understand the complex world of high-frequency trading. It also has several colorful characters, including Brad Katsuyama, who becomes the face of the battle against HFT firms. The book has won critical acclaim for its insightful and well-researched analysis of the stock market and HFT practices.
Overall, Flash Boys is an important book that shines a light on the hidden corners of Wall Street and exposes how the stock market is rigged against regular investors. It is recommended reading for anyone interested in finance, economics, and the inner workings of the stock market.
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