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> Part misguided hit piece on High Frequency Trading, part hagiography of Brad Katsuyama and part native advertisement for the IEX stock exchange: Flash Boys is
by unmole 4y ago
> Part misguided hit piece on High Frequency Trading, part hagiography of Brad Katsuyama and part native advertisement for the IEX stock exchange: Flash Boys is utterly without merit. Michel Lewis valiantly tries to project large institutional investors as heroic victims while repeatedly making the unsubstantiated claim that the markets are rigged. Even putting the bias aside, the book could be cut down to a long-form article while conveying exactly the same amount of information. Would not recommend.
- MagnumOpus 4y agoLet me guess, you work/worked for a HFT? As someone with experience of markets microstructure, the book was interesting/insightful and definitely not "utterly without merit".
- kennend3 4y agoInteresting.. As someone with pretty close ties to what Brad built prior to starting IEX.. I found the book "Brad's resume" as well as propaganda for IEX. The book should have some sort of "paid advertisement" disclosure. It is interesting how your opinion seems to be anyone who is critical of this book "works for HFT's"?
- rajman187 4y agoWhile it’s been a long time since I read it, I definitely did not come away with the conclusion that he tried to “project large institutional investors as heroic victims” by any means
- kennend3 4y agohagiography - THIS accurately describes the book!!