Michael lewis explains how the stock market is rigged
Subscribe to 60 Minutes All Access to view this video. For just 99c or less per month, get unlimited ad-free viewing of the best of 60 Minutes. Best-selling author Michael Lewis says the stock market is rigged and even the richest, most sophisticated investors are getting "screwed" every day.
In his book "Flash Boys," author Michael Lewis explains how investors are disadvantaged without access to high-frequency trade technology. In the above video, Lewis explains how an extra millisecond allows high-frequency traders to exploit computerized trading in the U. By "beating" investors to exchanges, Lewis argues that high-frequency traders can buy stocks and quickly sell them back at higher prices. Author Michael Lewis tells Steve Kroft that the stock market is rigged and high frequency trading is even bigger than a scam.
Billions have been spent by Wall Street firms and stock exchanges to gain the advantage of a millisecond. It's bigger than a scam, Lewis says. Author Michael Lewis explains how high frequency traders have created instability in the market.
Michael Lewis on a Rigged Stock Market and the Heroes of Wall Street - Knowledge@Wharton
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Michael Lewis explains his book "Flash Boys" - CBS News
Michael Lewis explains his book "Flash Boys" Best-selling author Michael Lewis says the stock market is rigged and even the richest, most sophisticated investors are getting "screwed" every day Aug 17 Comments Facebook Twitter Stumble.
What's open fx platform tutorials advantage of speed?
Lewis further explains, in the video below, how ordinary investors are affected and argues that high-frequency traders have created instability in the stock market -- for everyone.
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