Flash Boys: Not So Fast

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Publisher :
ISBN 13 : 9780692336908
Total Pages : 184 pages
Book Rating : 4.3/5 (369 download)

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Book Synopsis Flash Boys: Not So Fast by : Peter Kovac

Download or read book Flash Boys: Not So Fast written by Peter Kovac and published by . This book was released on 2014-12-10 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Flash Boys, Michael Lewis alleged that the entire U.S. stock market is rigged. This is an extraordinarily serious accusation. If it is true that a conspiracy of stock exchanges, banks, regulators and high-frequency traders has rigged the market, this has profound implications for every aspect of our financial system. It's rather surprising, then, that this book alleging a vast high-frequency trading conspiracy included no high-frequency traders. Flash Boys lacks a single insider's account, and it shows. Electronic trading is extremely complicated, and if you neglect to talk to any electronic traders, you're probably going to get it wrong. Flash Boys: Not So Fast, written by a former high-frequency trading executive and regulatory compliance expert, provides the missing insider's perspective on today's stock market and answers the question of whether or not Michael Lewis is right. Not So Fast reviews the alleged scams described by Lewis and applies the same rigorous analysis that real trading strategies are subjected to, methodically walking through them step by step and explaining what is actually possible in today's markets and what is not. Extensively researched and documented, Not So Fast provides a clear, accurate picture of how today's markets operate, including what works, what doesn't work, and what changes need to be made.

Flash Boys: A Wall Street Revolt

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Author :
Publisher : W. W. Norton & Company
ISBN 13 : 0393244660
Total Pages : 288 pages
Book Rating : 4.3/5 (932 download)

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Book Synopsis Flash Boys: A Wall Street Revolt by : Michael Lewis

Download or read book Flash Boys: A Wall Street Revolt written by Michael Lewis and published by W. W. Norton & Company. This book was released on 2014-03-31 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Argues that post-crisis Wall Street continues to be controlled by large banks and explains how a small, diverse group of Wall Street men have banded together to reform the financial markets.

Dark Pools

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Publisher : Crown Currency
ISBN 13 : 0307887197
Total Pages : 386 pages
Book Rating : 4.3/5 (78 download)

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Book Synopsis Dark Pools by : Scott Patterson

Download or read book Dark Pools written by Scott Patterson and published by Crown Currency. This book was released on 2012-06-12 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: A news-breaking account of the global stock market's subterranean battles, Dark Pools portrays the rise of the "bots"--artificially intelligent systems that execute trades in milliseconds and use the cover of darkness to out-maneuver the humans who've created them. In the beginning was Josh Levine, an idealistic programming genius who dreamed of wresting control of the market from the big exchanges that, again and again, gave the giant institutions an advantage over the little guy. Levine created a computerized trading hub named Island where small traders swapped stocks, and over time his invention morphed into a global electronic stock market that sent trillions in capital through a vast jungle of fiber-optic cables. By then, the market that Levine had sought to fix had turned upside down, birthing secretive exchanges called dark pools and a new species of trading machines that could think, and that seemed, ominously, to be slipping the control of their human masters. Dark Pools is the fascinating story of how global markets have been hijacked by trading robots--many so self-directed that humans can't predict what they'll do next.

Trading at the Speed of Light

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Publisher : Princeton University Press
ISBN 13 : 0691217785
Total Pages : 304 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Trading at the Speed of Light by : Donald MacKenzie

Download or read book Trading at the Speed of Light written by Donald MacKenzie and published by Princeton University Press. This book was released on 2023-01-31 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: A remarkable look at how the growth, technology, and politics of high-frequency trading have altered global financial markets In today’s financial markets, trading floors on which brokers buy and sell shares face-to-face have increasingly been replaced by lightning-fast electronic systems that use algorithms to execute astounding volumes of transactions. Trading at the Speed of Light tells the story of this epic transformation. Donald MacKenzie shows how in the 1990s, in what were then the disreputable margins of the US financial system, a new approach to trading—automated high-frequency trading or HFT—began and then spread throughout the world. HFT has brought new efficiency to global trading, but has also created an unrelenting race for speed, leading to a systematic, subterranean battle among HFT algorithms. In HFT, time is measured in nanoseconds (billionths of a second), and in a nanosecond the fastest possible signal—light in a vacuum—can travel only thirty centimeters, or roughly a foot. That makes HFT exquisitely sensitive to the length and transmission capacity of the cables connecting computer servers to the exchanges’ systems and to the location of the microwave towers that carry signals between computer datacenters. Drawing from more than 300 interviews with high-frequency traders, the people who supply them with technological and communication capabilities, exchange staff, regulators, and many others, MacKenzie reveals the extraordinary efforts expended to speed up every aspect of trading. He looks at how in some markets big banks have fought off the challenge from HFT firms, and how exchanges sometimes engineer technical systems to favor certain types of algorithms over others. Focusing on the material, political, and economic characteristics of high-frequency trading, Trading at the Speed of Light offers a unique glimpse into its influence on global finance and where it could lead us in the future.

Liar's Poker

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Author :
Publisher : W. W. Norton & Company
ISBN 13 : 039333869X
Total Pages : 313 pages
Book Rating : 4.3/5 (933 download)

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Book Synopsis Liar's Poker by : Michael Lewis

Download or read book Liar's Poker written by Michael Lewis and published by W. W. Norton & Company. This book was released on 2010-03-02 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author recounts his experiences on the lucrative Wall Street bond market of the 1980s, where young traders made millions in a very short time, in a humorous account of greed and epic folly.

High-Frequency Trading

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Publisher : John Wiley and Sons
ISBN 13 : 0470579773
Total Pages : 258 pages
Book Rating : 4.4/5 (75 download)

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Book Synopsis High-Frequency Trading by : Irene Aldridge

Download or read book High-Frequency Trading written by Irene Aldridge and published by John Wiley and Sons. This book was released on 2009-12-22 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: A hands-on guide to the fast and ever-changing world of high-frequency, algorithmic trading Financial markets are undergoing rapid innovation due to the continuing proliferation of computer power and algorithms. These developments have created a new investment discipline called high-frequency trading. This book covers all aspects of high-frequency trading, from the business case and formulation of ideas through the development of trading systems to application of capital and subsequent performance evaluation. It also includes numerous quantitative trading strategies, with market microstructure, event arbitrage, and deviations arbitrage discussed in great detail. Contains the tools and techniques needed for building a high-frequency trading system Details the post-trade analysis process, including key performance benchmarks and trade quality evaluation Written by well-known industry professional Irene Aldridge Interest in high-frequency trading has exploded over the past year. This book has what you need to gain a better understanding of how it works and what it takes to apply this approach to your trading endeavors.

Broken Markets

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Publisher : FT Press
ISBN 13 : 0132875268
Total Pages : 317 pages
Book Rating : 4.1/5 (328 download)

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Book Synopsis Broken Markets by : Sal Arnuk

Download or read book Broken Markets written by Sal Arnuk and published by FT Press. This book was released on 2012-05-22 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: The markets have evolved at breakneck speed during the past decade, and change has accelerated dramatically since 2007's disastrous regulatory "reforms." An unrelenting focus on technology, hyper-short-term trading, speed, and volume has eclipsed sanity: markets have been hijacked by high-powered interests at the expense of investors and the entire capital-raising process. A small consortium of players is making billions by skimming and scalping unaware investors -- and, in so doing, they've transformed our markets from the world's envy into a barren wasteland of terror. Since these events began, Themis Trading's Joe Saluzzi and Sal Arnuk have offered an unwavering voice of reasoned dissent. Their small brokerage has stood up against the hijackers in every venue: their daily writings are now followed by investors, regulators, the media, and "Main Street" investors worldwide. Saluzzi and Arnuk don't take prisoners! Now, in Broken Markets, they explain how all this happened, who did it, what it means, and what's coming next. You'll understand the true implications of events ranging from the crash of 1987 to the "Flash Crash" -- and discover what it all means to you and your future. Warning: you will get angry (if you aren't already). But you'll know exactly why you're angry, who you're angry at, and what needs to be done!

Trail Fever

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Author :
Publisher : Alfred A. Knopf
ISBN 13 :
Total Pages : 328 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Trail Fever by : Michael M. Lewis

Download or read book Trail Fever written by Michael M. Lewis and published by Alfred A. Knopf. This book was released on 1997 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the author of the bestselling "Liar's Poker" comes a wickedly funny and astute chronicle of the 1996 presidential campaign--and how Americans go about choosing their leaders at the turn of the century. A striking look at our culture and its politics and the mammoth unlikelihood of connection between the inauthentic modern candidate and the voter's passions and desires, "Losers" is sure to be a winner. 10 photos.

Flash Crash

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Publisher : William Collins
ISBN 13 : 9780008270438
Total Pages : 272 pages
Book Rating : 4.2/5 (74 download)

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Book Synopsis Flash Crash by : Liam Vaughan

Download or read book Flash Crash written by Liam Vaughan and published by William Collins. This book was released on 2021-02-04 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: On May 6, 2010, financial markets around the world tumbled simultaneously and without warning. In the span of five minutes, a trillion dollars of valuation was lost. The Flash Crash, as it became known, represented the fastest drop in market history. When share values rebounded less than half an hour later, experts around the globe were left perplexed. What had they just witnessed? Navinder Singh Sarao hardly seemed like a man who would shake the world's financial markets to their core. Raised in a working-class neighbourhood in West London, Nav was a preternaturally gifted trader who played the markets like a computer game. By the age of thirty, he had left behind London's trading arcades, working instead out of his childhood home. For years the money poured in. But when lightning-fast electronic traders infiltrated markets and started eating into his profits, Nav built a system of his own to fight back. It worked-until 2015, when the FBI arrived at his door. Depending on whom you ask, Sarao was a scourge, a symbol of a financial system run horribly amok, or a folk hero-an outsider who took on the tyranny of Wall Street and the high-frequency traders. A real-life financial thriller, Flash Crash uncovers the remarkable, behind-the-scenes narrative of a mystifying market crash, a globe-spanning investigation into international fraud, and the man at the centre of them both.

The New New Thing: A Silicon Valley Story

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Publisher : W. W. Norton & Company
ISBN 13 : 0393048136
Total Pages : 272 pages
Book Rating : 4.3/5 (93 download)

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Book Synopsis The New New Thing: A Silicon Valley Story by : Michael M. Lewis

Download or read book The New New Thing: A Silicon Valley Story written by Michael M. Lewis and published by W. W. Norton & Company. This book was released on 2000 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tells the unlikely story of Silicon Valley through the life of one of its great achievers--Jim Clark, who founded Silicon Graphics and Netscape and may be on the verge of another trillion-dollar company.

The Premonition: A Pandemic Story

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Publisher : W. W. Norton & Company
ISBN 13 : 0393881563
Total Pages : 211 pages
Book Rating : 4.3/5 (938 download)

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Book Synopsis The Premonition: A Pandemic Story by : Michael Lewis

Download or read book The Premonition: A Pandemic Story written by Michael Lewis and published by W. W. Norton & Company. This book was released on 2021-05-04 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: New York Times Bestseller For those who could read between the lines, the censored news out of China was terrifying. But the president insisted there was nothing to worry about. Fortunately, we are still a nation of skeptics. Fortunately, there are those among us who study pandemics and are willing to look unflinchingly at worst-case scenarios. Michael Lewis’s taut and brilliant nonfiction thriller pits a band of medical visionaries against the wall of ignorance that was the official response of the Trump administration to the outbreak of COVID-19. The characters you will meet in these pages are as fascinating as they are unexpected. A thirteen-year-old girl’s science project on transmission of an airborne pathogen develops into a very grown-up model of disease control. A local public-health officer uses her worm’s-eye view to see what the CDC misses, and reveals great truths about American society. A secret team of dissenting doctors, nicknamed the Wolverines, has everything necessary to fight the pandemic: brilliant backgrounds, world-class labs, prior experience with the pandemic scares of bird flu and swine flu…everything, that is, except official permission to implement their work. Michael Lewis is not shy about calling these people heroes for their refusal to follow directives that they know to be based on misinformation and bad science. Even the internet, as crucial as it is to their exchange of ideas, poses a risk to them. They never know for sure who else might be listening in.

The Truth About High-Frequency Trading

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Publisher : John Wiley & Sons
ISBN 13 : 1118960920
Total Pages : 60 pages
Book Rating : 4.1/5 (189 download)

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Book Synopsis The Truth About High-Frequency Trading by : Rishi K. Narang

Download or read book The Truth About High-Frequency Trading written by Rishi K. Narang and published by John Wiley & Sons. This book was released on 2014-04-28 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: The debate about high frequency trading (HFT) has been raging since around the beginning of 2010, after a couple of years of record profits in 2008 and 2009 were reported upon by the press with a generally negative tone. But, it was manageable. Regulators were making careful, but mostly correct moves to fix what needed fixing. Until it all came crashing down. With the release of Michael Lewis's latest best-seller, Flash Boys, potential progress was dramatically and possibly irrevocably set back. This e-only book will provide a close look at the topic of high frequency trading in its various aspects: what it is, how it's done, why it matters, and whether we should have concerns.

The New Stock Market

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Publisher : Columbia University Press
ISBN 13 : 023154393X
Total Pages : 612 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis The New Stock Market by : Merritt B. Fox

Download or read book The New Stock Market written by Merritt B. Fox and published by Columbia University Press. This book was released on 2019-01-08 with total page 612 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. stock market has been transformed over the last twenty-five years. Once a market in which human beings traded at human speeds, it is now an electronic market pervaded by algorithmic trading, conducted at speeds nearing that of light. High-frequency traders participate in a large portion of all transactions, and a significant minority of all trade occurs on alternative trading systems known as “dark pools.” These developments have been widely criticized, but there is no consensus on the best regulatory response to these dramatic changes. The New Stock Market offers a comprehensive new look at how these markets work, how they fail, and how they should be regulated. Merritt B. Fox, Lawrence R. Glosten, and Gabriel V. Rauterberg describe stock markets’ institutions and regulatory architecture. They draw on the informational paradigm of microstructure economics to highlight the crucial role of information asymmetries and adverse selection in explaining market behavior, while examining a wide variety of developments in market practices and participants. The result is a compelling account of the stock market’s regulatory framework, fundamental institutions, and economic dynamics, combined with an assessment of its various controversies. The New Stock Market covers a wide range of issues including the practices of high-frequency traders, insider trading, manipulation, short selling, broker-dealer practices, and trading venue fees and rebates. The book illuminates both the existing regulatory structure of our equity trading markets and how we can improve it.

Inside Out & Back Again

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Publisher : Univ. of Queensland Press
ISBN 13 : 0702251178
Total Pages : 227 pages
Book Rating : 4.7/5 (22 download)

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Book Synopsis Inside Out & Back Again by : Thanhha Lai

Download or read book Inside Out & Back Again written by Thanhha Lai and published by Univ. of Queensland Press. This book was released on 2013-03-01 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: Moving to America turns H&à's life inside out. For all the 10 years of her life, H&à has only known Saigon: the thrills of its markets, the joy of its traditions, the warmth of her friends close by, and the beauty of her very own papaya tree. But now the Vietnam War has reached her home. H&à and her family are forced to flee as Saigon falls, and they board a ship headed toward hope. In America, H&à discovers the foreign world of Alabama: the coldness of its strangers, the dullness of its food, the strange shape of its landscape, and the strength of her very own family. This is the moving story of one girl's year of change, dreams, grief, and healing as she journeys from one country to another, one life to the next.

Surfing Uncertainty

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Publisher : Oxford University Press, USA
ISBN 13 : 0190217014
Total Pages : 425 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis Surfing Uncertainty by : Andy Clark

Download or read book Surfing Uncertainty written by Andy Clark and published by Oxford University Press, USA. This book was released on 2016 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title brings together work on embodiment, action, and the predictive mind. At the core is the vision of human minds as prediction machines - devices that constantly try to stay one step ahead of the breaking waves of sensory stimulation, by actively predicting the incoming flow. In every situation we encounter, that complex prediction machinery is already buzzing, proactively trying to anticipate the sensory barrage. The book shows in detail how this strange but potent strategy of self-anticipation ushers perception, understanding, and imagination simultaneously onto the cognitive stage.

The Hardest Fall

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Publisher : Simon and Schuster
ISBN 13 : 1398521612
Total Pages : 380 pages
Book Rating : 4.3/5 (985 download)

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Book Synopsis The Hardest Fall by : Ella Maise

Download or read book The Hardest Fall written by Ella Maise and published by Simon and Schuster. This book was released on 2022-10-27 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the game of love you can't afford to drop the ball... Zoe’s always been shy. At college, to try to help her, her friend dares her to do the craziest thing she can think of… kiss a random guy. She follows Dylan into a room she thinks is a classroom and ends up seeing a little too much of him. She can hardly kiss him now… not when after their embarrassing encounter and certainly not after he tells her he has a girlfriend. But when he finds out about the dare, the two make a pact… if they ever cross paths again – and they’re both single – they’ll kiss. Two years later, fate intervenes, and they end up as accidental roommates. Now Zoe’s seeing a lot more of Dylan than she bargained for and it’s even harder to resist peeking the second time round.

The Science of Success

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Publisher : John Wiley & Sons
ISBN 13 : 0470148543
Total Pages : 210 pages
Book Rating : 4.4/5 (71 download)

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Book Synopsis The Science of Success by : Charles G. Koch

Download or read book The Science of Success written by Charles G. Koch and published by John Wiley & Sons. This book was released on 2007-03-22 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for THE SCIENCE OF SUCCESS "Evaluating the success of an individual or company is a lot like judging a trapper by his pelts. Charles Koch has a lot of pelts. He has built Koch Industries into the world's largest privately held company, and this book is an insider's guide to how he did it. Koch has studied how markets work for decades, and his commitment to pass that knowledge on will inspire entrepreneurs for generations to come." —T. Boone Pickens "A must-read for entrepreneurs and corporate executives that is also applicable to the wider world. MBM is an invaluable tool for engendering excellence for all groups, from families to nonprofit entities. Government leaders could avoid policy failures by heeding the science of human behavior." —Richard L. Sharp, Chairman, CarMax "My father, Sam Walton, stressed the importance of fundamental principles—such as humility, integrity, respect, and creating value—that are the foundation for success. No one makes a better case for these principles than Charles Koch." —Rob Walton, Chairman, Wal-Mart "What accounts for Koch Industries' spectacular success? Charles Koch calls it Market-Based Management: a vision that nurtures personal qualities of humility and integrity that build trust and the confidence to enhance future success through learning from failure, and a culture of thinking in terms of opportunity cost and comparative advantage for all employees." —Vernon Smith, 2002 Nobel laureate in economics "In a very thoughtful, creative, and understandable way, Charles Koch explains how he has used the science of human behavior to create a culture that has produced one of the world's largest and most successful private companies. A must-read for anyone interested in creating value." —William B. Harrison Jr., Former Chairman and CEO, JPMorgan Chase & Co. "The same exacting thought, rooted in the realities of human nature, that the framers of the U.S. Constitution put into building a nation of entrepreneurs, Charles Koch has framed to build an enduring company of entrepreneurs—a company larger than Microsoft, Dell, HP, and other giants. Every entrepreneur should study this book." —Verne Harnish, founder, Young Entrepreneurs' Organization, author of Mastering the Rockefeller Habits, CEO, Gazelles Inc.