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Flash Boys

Flash Boys

A Wall Street Revolt

by Michael Lewis
Hardback
Publication Date: 31/03/2014

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Flash Boys is about a small group of Wall Street guys who figure out that the U.S. stock market has been rigged for the benefit of insiders and that, post-financial crisis, the markets have become not more free but less, and more controlled by the big Wall Street banks. Working at different firms, they come to this realization separately; but after they discover one another, the flash boys band together and set out to reform the financial markets. This they do by creating an exchange in which high-frequency trading-source of the most intractable problems-will have no advantage whatsoever.

The characters in Flash Boys are fabulous, each completely different from what you think of when you think "Wall Street guy." Several have walked away from jobs in the financial sector that paid them millions of dollars a year. From their new vantage point they investigate the big banks, the world's stock exchanges, and high-frequency trading firms as they have never been investigated, and expose the many strange new ways that Wall Street generates profits.

The light that Lewis shines into the darkest corners of the financial world may not be good for your blood pressure, because if you have any contact with the market, even a retirement account, this story is happening to you. But in the end, Flash Boys is an uplifting read. Here are people who have somehow preserved a moral sense in an environment where you don't get paid for that; they have perceived an institutionalized injustice and are willing to go to war to fix it.
ISBN:
9780393244663
9780393244663
Category:
Economics
Format:
Hardback
Publication Date:
31-03-2014
Language:
English
Publisher:
WW Norton & Co
Country of origin:
United States
Pages:
288
Dimensions (mm):
244x168x25mm
Weight:
0.56kg
Michael Lewis

Michael Lewis was born in New Orleans and educated at Princeton University and the London School of Economics.

He has written several books including the New York Times bestsellers Liar's Poker, widely considered the book that defined Wall Street during the 1980s, and The Big Short, 'probably the single best piece of financial journalism ever written' (Reuters).

Lewis is contributing writer for The New York Times Magazine and also writes for Vanity Fair and Portfolio Magazine.

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