Flash Boys: A Wall Street Revolt, Hardcover/Michael Lewis
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Numar articol:198033746
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Disponibilitate:Indisponibil
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Specificatii
Flash Boys is about a small group of Wall Street guys who figure
out that the U. S. stock market has been rigged for the benefit of
insiders and that, post-financial crisis, the markets have become
not more free but less, and more controlled by the big Wall Street
banks. Working at different firms, they come to this realization
separately; but after they discover one another, the flash boys
band together and set out to reform the financial markets. This
they do by creating an exchange in which high-frequency
trading--source of the most intractable problems--will have no
advantage whatsoever. The characters in Flash Boys are fabulous,
each completely different from what you think of when you think
"Wall Street guy." Several have walked away from jobs in the
financial sector that paid them millions of dollars a year. From
their new vantage point they investigate the big banks, the world's
stock exchanges, and high-frequency trading firms as they have
never been investigated, and expose the many strange new ways that
Wall Street generates profits. The light that Lewis shines into the
darkest corners of the financial world may not be good for your
blood pressure, because if you have any contact with the market,
even a retirement account, this story is happening to you. But in
the end, Flash Boys is an uplifting read. Here are people who have
somehow preserved a moral sense in an environment where you don't
get paid for that; they have perceived an institutionalized
injustice and are willing to go to war to fix it.
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