Flash Boys by Michael Lewis
7.5 out of 10Michael Lewis loves writing about Wall Street. This one covers the digitalization of exchanges and the rise of high frequency trading. At first it was all about hardware and infrastructure. If someone could get information about a transaction in Chicago and be the first to react in New York, that person would be in good position to profit. The big firms hired software engineers to compete with independent computer programmers, but the executives didn’t really know what was going on. There were several flash crashes around the year 2010 where the market fell dramatically and rebounded within a very short period of time.