Michael Lewis: The Market is Rigged – Flash Boys: A Wall Street Revolt
April 2 (Bloomberg) — “Flash Boys: A Wall Street Revolt” Author Michael Lewis discusses his book, trading and the stock market on Bloomberg Television’s “Market Makers.” (Source: Bloomberg)
It is like a casino inviting a bunch of card sharks to play with a bunch of tour groups, where only the casino and the card sharks know that the 4s and Queens have been removed.
The high-frequency traders pay for order flow.