Michael Lewis
Michael Lewis exposes how high-frequency trading transformed Wall Street into a rigged game where milliseconds determine winners and losers. Discover how a group of traders fought back by building a fairer stock exchange.
High-frequency trading firms spend hundreds of millions of dollars on physical infrastructure to gain microscopic speed advantages over traditional investors.
These speed advantages allow algorithms to detect large institutional orders and manipulate prices before the original trades can be fully executed.
Michael Lewis argues that market fragmentation and complex regulations have inadvertently favored these fast traders at the expense of market transparency.