Reddit reviews Flash Boys: A Wall Street Revolt
We found 10 Reddit comments about Flash Boys: A Wall Street Revolt. Here are the top ones, ranked by their Reddit score.
Reddit reviews Flash Boys: A Wall Street RevoltWe found 10 Reddit comments about Flash Boys: A Wall Street Revolt. Here are the top ones, ranked by their Reddit score.
You should read this book.
https://www.amazon.com/Flash-Boys-Wall-Street-Revolt-ebook/dp/B00HVJB4VM
A custom built fiber connection from NY to Chicago that was a straight line. Ripping up parking lots and such to go through to keep connection distance as little as possible.
The reason is to lower the distance as you can not really beat the speed of light.
Satellite has a big issue that makes it offer less than ideal user experience. You have to go from ground to satellite to ground to data center and then back to satellite to ground for every single packet.
Yup, nothing shady happens at a regulated exchange!
It is. Read Flash Boys.
https://www.amazon.ca/Flash-Boys-Wall-Street-Revolt-ebook/dp/B00HVJB4VM/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1497381150&sr=1-1&keywords=flash+boys+a+wall+street+revolt
No problem. I recommend taking several days/weeks to just soak up information before you buy anything.
Also watch an economic calendar and you can begin to see what effect different events/information releases have on the market.
(Ex. Janet Yellen speaks at the FOMC meeting and decides not to raise interest rates and her speech is very dovish; Gold will go up on speculation that the next rate hike wont be for a long time.)
Edit- Another good book on how the stock market has evolved with technological changes
Not a how-to, but Flash Boys by Michael Lewis is a great.
Flash Boys: A Wall Street Revolt -- a great book on the issue if you're interested.
Michael Lewis knocks it out of the park. Again.
Some good ones:
they aren't moderating prices, they are manipulating them. They have faster connections than standard users, their algorithms can anticipate and then execute from the time you request your order to the time it fulfills, hopping in the middle of your order and making a very small amount of money in the process.
The Book "Flash Boys" is a great read about it.
For those interested in this, Michael Lewis' "Flash Boys" deals with this topic exclusively. It's sickening...
http://www.amazon.com/Flash-Boys-Michael-Lewis-ebook/dp/B00HVJB4VM/ref=sr_1_1?ie=UTF8&qid=1409330355&sr=8-1&keywords=flash+boys