Flash Boys: A Wall Street Revolt Summary

Flash Boys: A Wall Street Revolt Summary

by Summary Station

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Overview

Flash Boys by Michael Lewis was published and distributed on March 31, 2014. The content keeps tabs on high frequency exchanging (HFT) in monetary markets. Lewis states that "The business is fixed" by HFT brokers who front run requests put by investors. The entire book has a number of different claims and interesting information (some of which is, of course, debated among professionals that are in the field). The book is quite an interesting read, and we will explore other’s opinions about the issues that are presented in this book later on in this summery. If you are looking to find a book that talks about a lot of the modern issues with Wall Street and other parts of the economy, then you are going to want to start here. The research that Lewis put into this book really shows how serious he was about revealing the truth about this very volatile and vital topic.

The lot has been cast, and the responsibility has fallen to big name writer Michael Lewis to bring forward a more extensive open consideration to the predations of high frequency exchanging, which is better known as HFT. Some people who have started to look into this book have also looked into other books that explored the same exact topics, and trusted that these generally investigated books might pick up some recognition in the topic. The ultimate goal of Flash Boys and other books that focus on HFT is to lead to new SEC decisions, which will address the quickening and computerization of Wall Street and how the SEC's well meaning NSM had helped introduce this rebuilding of value markets. The book keeps tabs on a few individuals including Sergey Aleynikov and Brad Katsuyama, the author of IEX, the Investor's Exchange. We will explain this more as this summary goes on, but in short, there are a lot of different things that are going on in the stock market that are important to point out, and there are a few individuals that seem to be calling all of the shots in this sense.

The day after the book was available for purchase, the Federal Bureau of Investigation reported an examination into high frequency exchanging, specifically about conceivable front running, business control, and insider exchanges. Despite the fact that the FBI claimed to not add or consider Flash Boys as part of the examination, others have. The current New York Attorney General, Eric Schneiderman, additionally remarked on his progressing examination into HFT and Flash Boys. So, as you can see, this is going to play a very large role in what is going on in the world around us and in the stock market – if these sorts of things can be unveiled and dealt with now, it can end up being better for everyone in the economy.

Product Details

BN ID: 2940152989380
Publisher: Summary Station
Publication date: 04/24/2016
Sold by: Smashwords
Format: NOOK Book
File size: 72 KB

About the Author

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