The debate about high frequency trading (HFT) has been raging since around the beginning of 2010, after a couple of years of record profits in 2008 and 2009 were reported upon by the press with a generally negative tone. But, it was manageable. Regulators were making careful, but mostly correct moves to fix what needed fixing. Until it all came crashing down. With the release of Michael Lewis's latest best-seller, Flash Boys , potential progress was dramatically and possibly irrevocably set back. This e-only book will provide a close look at the topic of high frequency trading in its various what it is, how it's done, why it matters, and whether we should have concerns.
Interesting read. I think the author's opinion and arguments put forward in justification of HFT are flawed. I read his first publication which made some sense. But unfortunately this book is a complete miss. The quality and depth of arguments presented in favor of HFT are poor and shallow. Two wrongs don't make a right. Disappointing publication.