raise-the-price

Michael Lewis On '60 Minutes' Says Stock Market Is Rigged

The U.S. stock market is rigged, with elite traders buying access to a high-speed network that allows them to figure out what you’ve just ordered, order it first, then raise the price before your order is complete.And according to Michael Lewis, author of a new book about high-frequency trading called “Flash Boys,” this form of “front running” is completely legal. […]