30 second view on #flashboys April 1, 2014Posted by Bernard Lunn in Uncategorized.
Only from reading an online excerpt – and many years selling tech to Wall Street:
1. Rollicking good yarn, reads well (as always with Lewis).
2. Front running should be illegal no matter how it is done. For some bizarre reason front running using HFT tech is not illegal today. This book may help change that.
3. HFT kills day traders but is only minor loss for long term investors. Don’t think Buffet is worried by this.
4. Consumer loss of confidence in markets due to perception that they are rigged is the big issue, undermines a free enterprise society.