An Executive Summary of 'Flash Boys: A Wall Street Revolt' by Michael Lewis

[Aaron]

Just finished reading Michael Lewis' new book Flash Boys: A Wall Street Revolt. Lewis reports on how Brad Katsuyama (a broker from RBC) uncovered a massive (and legal, for now) scam on Wall Street made possible by high-frequency trading. Katsuyama has now started a new type of stock exchange in New York (called the IEX--it opened in October, 2013) with the hopes of eliminating the scamming--and Lewis reports on the progress of the new stock exchange as well. This is an incredible story, and an incredible book that I predict will win the Pulitzer Prize. I've written a full executive summary of the book available here: http://newbooksinbrief.com/2014/04/15...