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Michael Lewis On '60 Minutes' Says Stock Market Is Rigged. The U.S. stock market is rigged, with elite traders buying access to a high-speed network that allows them to figure out what you've just ordered, order it first, then raise the price before your order is complete.
31 de mar. de 2014 · And according to Michael Lewis, author of a new book about high-frequency trading called "Flash Boys," this form of "front running" is completely legal. " The insiders are able to move faster than you ," Lewis said on "60 Minutes" on Sunday night. "They're able to see your order and play it against other orders in ways that you don't understand.
60 minutes rewind this month marks the fifth anniversary of the current bull market on wall street making it one of the longest and strongest in history yet u stock ownership is at a record low and less than half of americans trust banks and financial services in the last two weeks the new york attorney general and the commodities futures trading commission in washington have both launched ...
In 2014, Steve Kroft spoke with Michael Lewis about his book “Flash Boys” that revealed how some high-speed traders worked the stock market to their advantage.
30 de mar. de 2014 · This is the stock market that Lewis is talking about; the one where most of the trades take place now, inside hundreds of thousands of these black boxes located at more than 60 public and private ...
21 de nov. de 2022 · by Benjamin Beck, CFP® | November 21, 2022. “The market is rigged, the market is rigged,” so people say. It’s been a hot topic over the past ten years, although even ten years ago it wasn’t necessarily a new idea. I believe it was the financial journalist and author, Michael Lewis (who wrote The Flashboys and The Big Short, among many ...
