US stock market is rigged by high-speed traders, says Michael Lewis

Author of The Big Short says in his latest book that high-frequency trading is costing other investors billions of dollars

The US stock market is rigged in favour of high-speed electronic trading firms, which use their advantages to extract billions from investors, according to the acclaimed author Michael Lewis.

In his new book Flash Boys: A Wall Street Revolt, Lewis says that firms are using their speed advantage to profit at the expense of other market participants to the tune of tens of billions of dollars.

via Business Feeds

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