Over the past two weeks, the heated debate surrounding high-frequency
trading (HFT) has once again made front-page news. Renowned author
Michael Lewis came out with a new book called "Flash Boys: A Wall Street
Revolt," in which he is decidedly critical of HFT. The book, along with
the FBI disclosing a year-long investigation into HFT practices,
resulted in dozens of fiery articles and television interviews.
High-frequency trading was first brought to the attention of the
masses by the 2010 "flash crash," when the Dow Jones Industrial Average
dropped more than 1,000 points, or about 9%, in five minutes, only to
recover a few minutes later.
(more)
Please share this article
No comments:
Post a Comment