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From Barnes & Noble
Thanks to technological advances and wily moneymen, financial markets are changing faster than you can say, "We've been robbed." Economists and savvy investors keep up with the ever-evolving financial scene by following Scott Patterson's articles on government regulation in The Wall Street Journal. In this debut, this talented journalist deciphers the devious machinations of high tech traders, explaining not only their strategies, but also their roller-coaster effects on global markets. This wonderfully accessible book is both fascinating and eye-opening; who among us, for example, knew that an estimated 95% to 98% of orders generated by high-speed traders are canceled as the firms react to nanosecond market changes?