{"id":66103,"date":"2022-05-08T11:43:00","date_gmt":"2022-05-08T15:43:00","guid":{"rendered":"https:\/\/www.shortform.com\/blog\/?p=66103"},"modified":"2022-05-16T11:53:59","modified_gmt":"2022-05-16T15:53:59","slug":"flash-boys-book","status":"publish","type":"post","link":"https:\/\/www.shortform.com\/blog\/flash-boys-book\/","title":{"rendered":"Flash Boys: Book Review, Context, and Impact"},"content":{"rendered":"\n

Are you looking for background on Michael Lewis’s Flash Boys<\/em> book? How was the book received by critics?<\/p>\n\n\n\n

In the book Flash Boys<\/em>, Michael Lewis gives a basic explanation of the unethical methodology of high-frequency trading, how it’s affected the financial industry, and how Brad Katsuyama<\/a> dedicated his career to stopping HFT. Knowing the book’s context also helps to understand the impact the book had on regulations and investigations into HFT.<\/p>\n\n\n\n

Here’s a review of Flash Boys, <\/em>with background, critical analysis, and impact.<\/p>\n\n\n\n\n\n\n\n

Flash Boys <\/em>Overview<\/strong><\/h2>\n\n\n\n

In Flash Boys<\/em>, best-selling author Michael Lewis explores the US stock market\u2019s use and acceptance of high-frequency trading (HFT). He argues that HFT exploits regular investors and creates unfairness in the stock market. Therefore, he believes any investor should be concerned about high-frequency trading.<\/p>\n\n\n\n

Lewis focuses much of the book on the experiences of Brad Katsuyama, a Canadian trader who investigated HFT tactics and was a key player in exposing the practice to the financial world. Lewis examines Katsuyama\u2019s investigation in detail, using it as a lens through which to understand the history and effects of HFT on the market and the economy. <\/p>\n\n\n\n

In examining the role HFT plays in the investment world, Lewis explains six features of the stock market and how HFT algorithms exploit each of them to unfairly tilt the playing field in their favor. He explains how these tactics create problems for average traders and investors. Lewis also explores how Katsuyama and his team found solutions to these HFT tactics and their efforts to create a fairer stock market. <\/p>\n\n\n\n

About the Author<\/strong><\/h2>\n\n\n\n

Michael Lewis<\/a> is a financial journalist and best-selling author. He writes for publications like The Guardian<\/em><\/a>, Bloomberg<\/em><\/a>, and The New York Times<\/em><\/a>, covering finance, economics, and business to reveal complex and unfair systems. While critics believe he oversimplifies these topics, his books are generally well-received. Lewis also hosts a podcast called Against the Rules<\/em><\/a>, which explores fairness in society and is known for its skepticism of authority. <\/p>\n\n\n\n

Lewis grew up in New Orleans and attended college at Princeton for art history. He later received his masters in economics from the London School of Economics. In the 1980s, he was a bond salesman on Wall Street, which prompted him to write his first book, Liar\u2019s Poker<\/em><\/a>. His other books include Moneyball<\/em><\/a>, The Big Short<\/em><\/a>, The Blind Side<\/em><\/a>, and most recently, The Premonition<\/em><\/a>. <\/p>\n\n\n\n

Connect with Michael Lewis:<\/strong><\/p>\n\n\n\n