Magazine
Latest Issue

Time is money: Flash Boys by Michael Lewis

An important study of the Wall Street wizards who can tell your future—almost

By Jay Elwes  

“The Wall Street titans of old are gone, having been usurped by a new breed” © Thomas J. O’Halloran

A new, highly complex and insidious breed of animal stalks global finance—high frequency trading firms (HFTs)—an esoteric group of companies that are the focus of Michael Lewis’s latest book, Flash Boys. A strict definition of high frequency trading is difficult to give. What can be said is that they buy and sell vast numbers of stocks very quickly and that they make money by knowing things about stock markets before everyone else.

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect