Archive for the ‘Wall Street’ Category

Ask an Ex-Banker: Algorithmic Trading

Ask an Ex-Banker: Algorithmic Trading

By The Banker | Ask an Ex-Banker, Blog Posts, How Not To Invest, Investing, Personal Finance, Texas, Wall Street

A version of this post appeared in the San Antonio Express News Dear Mike, I spotted something on algorithmic trading on your blog, and finance and investment are a bit of a hobby of mine. I am sending you a press release about a Canadian trader who has worked out a successful trading technique based [&hellip

Book Review: Flash Boys: Not So Fast by Pete Kovac

Book Review: Flash Boys: Not So Fast by Pete Kovac

By The Banker | Book Reviews, Investing, Wall Street

Peter Kovac wrote Flash Boys: Not So Fast, as a point-by-point refutation of the major premises of Michael Lewis’ Flash Boys. At the end of Kovac’s book – well actually, after just the first few pages – you’re left with the strong impression that Lewis wrote a tale built on speculation about a dramatic – [&hellip

Would You Like To Understand High Frequency Trading?

Would You Like To Understand High Frequency Trading?

By The Banker | Blog Posts, Book Reviews, Wall Street

My friend Pete Kovac got so peeved about Michael Lewis’ Flash Boys that he wrote a response, in the form of a book, called Flash Boys Not So Fast – An Insider’s Perspective On High Frequency Trading. The highly unusual part about this book is that high frequency trading up until now has basically been [&hellip

Excerpt From Critique of Michael Lewis' Flash Boys

Excerpt From Critique of Michael Lewis’ Flash Boys

By The Banker | Blog Posts, Book Reviews, Wall Street

Pete Kovac, a friend who worked for a quantitative trading firm, got in touch with me soon after Michael Lewis’s Flash Boys came out last Spring to let me know he thought the book had serious errors. My friend became so alarmed at the Michael Lewis version of quant trading – which appears to have [&hellip

Mortgage Lending Made Easy Makes Me Uneasy

Mortgage Lending Made Easy Makes Me Uneasy

By The Banker | Blog Posts, Wall Street

Yesterday was a pretty big day in the slow unwinding of post-crisis mortgage-lending policy making, according to the Wall Street Journal. I’m not going to jump up and down and declare that this latest negotiated relaxation of federal mortgage standards means we’re back to the pre-Crisis madness. On the other hand, it appears that all [&hellip