The must-read summary of Michael Lewis' book: "Flash Boys: A Wall Street Revolt". This complete summary of the ideas from Michael Lewis' book: "Flash Boys" explains the increase of high-frequency trading (HFT) in the US market and Dan Spivey's project to connect a data centre in Chicago to a stock exchange in northern New Jersey by fibre optic cable. This summary points out the key ideas behind Lewis' book, such as the fact that speed has replaced the stability of the markets as the high-frequency traders' main objective. Added-value of this summary: • Save time • Understand the main indeas behind Lewis' book • Get an overview of high-frequency trading To learn more, read "Flash Boys" and discover more about high-frequency trading!
summary flash boys
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PLEASE NOTE: This is a summary of the book and NOT the original book. Flash Boys by Michael Lewis - A 30-Minute Instaread Summary Inside this Instaread Summary: • Overview of the entire book • Introduction to the important people in the book • Summary and analysis of all the chapters in the book • Key Takeaways of the book • A Reader's Perspective Preview of this summary: Chapter 1 In 2007, stock brokers were frustrated by the varying speed of communication between the Chicago Mercantile Exchange and the data center beside the Nasdaq stock exchange in Carteret, New Jersey. A former stock broker, Dan Spivey, researched the situation and discovered that most fiber optics buried between the two cities followed train tracks and major cities. The problem lay in the fact that this route was not straight, as was ideal for speed of communication, but made many twists and turns. Spivey studied maps and found a route following small paved roads and dirt roads that were straighter. Spivey traveled the route with a construction man, looking for obstacles. They were unable to find any. Spivey founded a company with Jim Barskdale, the former CEO of Netscape Communications, called Spread Networks. Through this company they began the complicated process of laying the fiber. This included more than four hundred deals that had to be arranged with the many towns the route transected. Spivey contacted construction engineer Steve Williams, and asked him to supervise the laying of fifty miles of fiber, starting in Cleveland. Williams did such a good job, Spivey and Barskdale hired him to supervise the complete installation. Williams and Spivey disagreed on the route on many occasions. Spivey was frustrated with Williams’ attempts to avoid obstacles by deviating from the route and Williams did not understand why the straight route was so important. A full year after Spread began burying the fiber, their project remained a secret. Even their workers were kept in the dark to protect the project from being blown out of the water by unwanted competition. Then it was time to begin selling the line to Wall Street. Unfortunately, it was difficult to prove the value of their product, let alone prove that it existed. To solve this, Spivey went to sales meetings with a large map that showed the route of the fiber as well as pictures of the amplifiers built inside maximum security bunkers along the route. The reception was not always good. Many disliked the language of the contract Spread wanted them to sign, especially the language that kept the companies from sharing the line with their clients. Spread ran into multiple problems finishing their project. One held them up for some time while they struggled to find a way to bury cable under a river. They eventually found a tunnel that worked perfectly for their purposes. Another was the hostility they faced in a small town in Pennsylvania when they attempted to get permission to dig under a parking lot that blocked their route.....
A small group of Wall Street guys who figure out that the U.S. stock market has been rigged for the benefit of insiders the big Wall Street banks expose this institutionalized injustice and go to war to fix it. This book will provide a general overview and summary of Flash Boys: A Wall Street revolt. It also analyzes themes such as how high frequency exchanging works against traders.
Argues that post-crisis Wall Street continues to be controlled by large banks and explains how a small, diverse group of Wall Street men have banded together to reform the financial markets.
Find Out About "Flash Boys: A Wall Street Revolt" In A Fraction Of The Time It Takes To Read The Actual Book!!!Today only, get this 1# Amazon bestseller for just $2.99. Regularly priced at $4.99. Read on your PC, Mac, smart phone, tablet or Kindle device Flash Boys by Michael Lewis was published and distributed on March 31, 2014. The content keeps tabs on high frequency exchanging (HFT) in monetary markets. Lewis states that "The business is fixed" by HFT brokers who front run requests put by investors. The entire book has a number of different claims and interesting information (some of which is, of course, debated among professionals that are in the field). The book is quite an interesting read, and we will explore other's opinions about the issues that are presented in this book later on in this summery. If you are looking to find a book that talks about a lot of the modern issues with Wall Street and other parts of the economy, then you are going to want to start here. The research that Lewis put into this book really shows how serious he was about revealing the truth about this very volatile and vital topic. The lot has been cast, and the responsibility has fallen to big name writer Michael Lewis to bring forward a more extensive open consideration to the predations of high frequency exchanging, which is better known as HFT. Some people who have started to look into this book have also looked into other books that explored the same exact topics, and trusted that these generally investigated books might pick up some recognition in the topic. The ultimate goal of Flash Boys and other books that focus on HFT is to lead to new SEC decisions, which will address the quickening and computerization of Wall Street and how the SEC's well meaning NSM had helped introduce this rebuilding of value markets. The book keeps tabs on a few individuals including Sergey Aleynikov and Brad Katsuyama, the author of IEX, the Investor's Exchange. We will explain this more as this summary goes on, but in short, there are a lot of different things that are going on in the stock market that are important to point out, and there are a few individuals that seem to be calling all of the shots in this sense. The day after the book was available for purchase, the Federal Bureau of Investigation reported an examination into high frequency exchanging, specifically about conceivable front running, business control, and insider exchanges. Despite the fact that the FBI claimed to not add or consider Flash Boys as part of the examination, others have. The current New York Attorney General, Eric Schneiderman, additionally remarked on his progressing examination into HFT and Flash Boys. So, as you can see, this is going to play a very large role in what is going on in the world around us and in the stock market – if these sorts of things can be unveiled and dealt with now, it can end up being better for everyone in the economy. Here Is A Preview Of What You'll Learn When You Download Your Copy Today• General Overview and Summary of Flash Boys: A Wall Street Revolt by Michael Lewis • How High Frequency Trading Works Against Traders • Themes from Flash Boys • Preview of a Summary of A Fine and Dangerous Season by Keith Raffel Download Your Copy Today! The contents of this book are easily worth over $5, but for a limited time you can download "Summary of "Flash Boys: A Wall Street Revolt" by Michael Lewis" for a special discounted price of only $2.99 To order your copy, click the BUY button and download it right now!
Business Adventures (1969) by journalist John Brooks is a collection of 12 nonfiction stories about American business and high finance. Each story explores a different subject, including eccentric leaders and their successes, failures, and legal quandaries. Purchase this in-depth summary to learn more.
This text, specifically for AQA specifications, is designed to be easy and encouraging for students to use. The book contains updated material and activities together with a new chapter on study skills. It also indicates clearly where activities meet the new evidence requirements for key skills.
Meet the Billionaires: the 1,645 men and women who control a massive share of global assets worth $6.5 trillion. Darrell West reveals what the other 99.99998% of us need to know. With rich anecdotes and personal narratives, West goes inside the world of the ultra wealthy. Meet U.S. billionaires such as Sheldon Adelson, Michael Bloomberg, David and Charles Koch, George Soros, Tom Steyer, and Donald Trump—as well as international billionaires from around the globe. The growing political engagement of this small supra-wealthy group raises important questions about influence, transparency, and government performance, and West lays bare the wealthification of politics, including: • How billionaires can block appointments and legislation they don't like • Why the supra-wealthy moved into policy advocacy and referenda at the state level • Why billionaires run for office in more than a dozen countries around the world
The Big Short by Michael Lewis | Book Summary Sometimes our minds wonder if what is happening in the world is actually right even though we are often convinced that nothing outright evil might be taking place. Sometimes we have dreams of becoming the people we see in the media who seem like paragons of success or gods of the corporate world. Though ignorance may be bliss or what we do not know may not harm us directly, sometimes a small revelation into some issues and matters in the community or a nation goes a long way into adjusting our attitudes and sails of life. It may become a reference point to use in raising our children, and with the wisdom thereof, equip them with the truth so that they may also endeavour to come up with solutions when their time comes. As Michael Lewis writes, he hopes that college students trying to decide what to do with their lives might read it and decide that it's silly to phony it up, and abandon their passions or even their faint interests, to become financiers." He hoped that some bright kid at Ohio State University who really wanted to be an oceanographer would read his book, spurn the offer from Goldman Sachs, and set out to sea.Many things have taken place in the past, and others continue to occur even as you venture to consume this book in a jiffy. They said that knowledge and only the right kind of knowledge is power. Wisdom springs forth from the beginning of experience, and the knowledge of this experience makes the wisdom far greater than one can imagine. Michael Lewis' book, The Big Short, comes with knowledge of historical events inside Wall Street. It comes bundled with real life experiences of business persons, companies, co-operations, organizations, and individuals. The book reveals what the world would have never known, or even heard. They seem like memoirs, memories of tycoons losing huge amounts of money, fraudsters taking advantage of the poor, and companies twisting their accounts for their own gain. Herein you find evil, crime, and tales of men who tried to fight the same with a weak yet formidable determination. Here Is A Preview Of What You'll Learn... A Secret Origin Story In the Land of the Blind How Can a Guy Who Can't Speak English Lie? How to Harvest a Migrant Worker Accidental Capitalists Spider-Man at the Venetian The Great Treasure Hunt The Long Quiet A Death of Interest Two Men in a Boat The Book at a Glance Conclusion Final Thoughts Now What? Scroll Up and Click on "buy now with 1-Click" to Download Your Copy Right Now ************Tags: the big short, the big short book, michael lewis, michael lewis books, the big short kindle, the big short michael lewis, doomsday machine