In current medical practice, newborns are typically taken to the neonatal intensive care unit (NICU) if the mother’s temperature rises above 100.4 degrees because that may signal an increased risk of neonatal sepsis, a bacterial blood infection. With the emergence of Big Data and evidence-based medical practices, many infants are spared that trip due to an innovative metric that allows […]
There have been claims about the market being rigged for institutions and against individual investors for years, but they have become much louder since the release of Michael Lewis’s best-selling book “Flash Boys,” which details how high-frequency traders have wormed their way into the market, developing an information edge that gives them a window of milliseconds where they can front-run […]
Michael Lewis’ bestseller “Flash Boys: A Wall Street Revolt” stirred a hornet’s nest by shining the spotlight on the controversial subject of high-frequency trading (HFT). The book chronicles the journey of a small group of intrepid individuals on Wall Street who stumble across predatory behavior by high-frequency trading firms, and in a bid to provide a more balanced marketplace, create […]
SEC eyes new stock trade disclosure requirementsFacing new pressure to overhaul trading after Michael Lewis’s book “Flash Boys,” the regulator may require brokers to reveal exactly where stock trades are executed. The change would limit deals brokers make with exchanges at the expense of investors’ interests.
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SEC eyes new stock trade disclosure requirements – InvestmentNews
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sttAn entertaining CNBC clip currently rocketing through social media networks shows William O’Brien, president of BATS Global Markets, having conniptions over Michael Lewis’s claim (in his new book, Flash Boys) that the markets are rigged. Now that O’Brien has finished reading Lewis’s book, I recommend that he pick up David W. Maurer’s 1940 classic, The Big Con. […]
Everyone seems to be jumping into the debate about high-frequency trading, now that Michael Lewis is peddling his new book, Flash Boys.Lewis contends that the stock market is rigged, and that the culprit is high-frequency traders. But not everyone agrees that they are to blame, or that the stock market is even rigged to begin with.Cliff Asness, founder of AQR […]
After the announcement of Michael Lewis’ new book (which I don’t have a copy of, and I am not asking for one), together with a variety of interviews, he declared that the stock market is rigged. This is a convenient finding that will gladden the hearts of many who have tried the markets and lost. The trouble is, there are […]
CNBC screenshotBrad Katsuyama and Bill O’BrienTwo CEOs of exchanges got in a nasty brawl on CNBC’s “Power Lunch” over high-frequency trading.
William “Bill” O’Brien, the CEO of BATS, slammed Brad Katsuyama, the CEO and president of IEX, and author Michael Lewis.Katsuyama is the hero in Michael Lewis’ new book, “Flash Boys.” His firm, IEX, is an alternative exchange. “I’ve been […]
With his new book, Michael Lewis is trying to completely change the conversation about high frequency trading on Wall Street. Up until now it’s been about whether or not high speed firms even have an advantage that distorts the market and hurts other investors.After enough people have read ‘Flash Boys: A Wall Street Revolt’, however, it may evolve into an […]
All that complexity is offset in Lewis’s telling by a collection of Hollywood-ready characters. There’s Brad Katsuyama, a kind of anti-Jordan Belfort, who first notices that something weird is happening with his trades and sets out to discover the problem—and, in a very un-Wall Street move—help others protect themselves from it. There’s Ronan Ryan, “the world’s expert at helping the […]
