michael-lewis

SEC eyes new stock trade disclosure requirements – InvestmentNews

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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EU lawmakers back high-frequency trade curbs | Financial Post

High-frequency traders in the European Union are set to face some of the toughest rules in the world, as legislators backed rules that they said would curb volatility and make markets safer.The limits include standards meant to keep the price increment for securities from being too small, mandatory tests of trading algorithms and requirements that market makers provide liquidity for […]

RealClearMarkets – Yes, the Stock Market Is Rigged

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. […]

Is the Stock Market Really Rigged? | Competitive Enterprise Institute

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 […]

The Stock Market Is Rigged! The Stock Market Is Not Rigged …

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 […]

CEOs Of Stock Exchanges Brawl On CNBC As NYSE Floor Traders …

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 […]

Historical Trading Commissions – Business Insider

Library of CongressStock brokers working at the New York Stock Exchange in 1963Active investors have never had it better.
Turnkey desktop trading programs have lowered fees to as little as $7 a trade, and there’s never been more cheap or free information available to anyone interested in markets. It didn’t used to be that way. We spoke with […]

Michael Lewis, High Frequency Trading, And Frequent Batch …

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 […]

Michael Lewis: The Stock Market Is Rigged – Business Insider

Michael Lewis’ new book Flash Boys comes out today. It’s all about the confusing world of high-frequency, algorithmic trading.He was on 60 Minutes last night talking about the subject and promoting his book.In this short segment, he argues that the stock market is rigged.The first 45 seconds are the key part, wherein he explains the mechanism by which high-frequency traders […]

60 Minutes: Is the U.S. stock market rigged? | The Big Picture

Steve Kroft reports on a new book from Michael Lewis that reveals how some high-speed traders work the stock market to their advantageIs the U.S. stock market rigged? Lewis explains how the stock market is riggedAuthor Michael Lewis explains why vast sums of money are being spent by high frequency traders to gain microseconds in speed~~~Lewis: Investors, big and […]