Key Facts or Insights from "Flash Boys: A Wall Street Revolt"
- The emergence of high-frequency trading (HFT): The book delves into the world of HFT, a method of trading that uses powerful computers to transact a large number of orders at incredibly fast speeds.
- Exploitation of market infrastructure: High-frequency traders exploit the market infrastructure by gaining a millisecond advantage over others, allowing them to buy stocks before others and sell them back at higher prices.
- The role of Wall Street banks: Lewis asserts that large Wall Street banks are complicit in this scheme, enabling high-frequency traders to profit at...
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