Posts Tagged ‘Michael Lewis’

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

The Katsuyama Revolution Continues

The Katsuyama Revolution Continues

By The Banker | Blog Posts, Investing, Wall Street

The Wall Street Journal carries an update this morning on the main protagonist of Michael Lewis’ recent book Flash Boys, Brad Katsuyama and his newly launched (October 2013) exchange known as the Investor’s Exchange (IEX). One of my main questions left after reading the book is the viability of this newly launched exchange. Katsuyama & his [&hellip

Book Review: Flash Boys by Michael Lewis

Book Review: Flash Boys by Michael Lewis

By The Banker | Book Reviews, Investing, Wall Street

The Rise of the Machines Michael Lewis wrote Flash Boys to alert the non-finance world about the scourge of high frequency traders front-running investors and fracturing traditional capital markets. Lewis does not distinguish between quantitative (or algorithmic) trading strategies and high frequency trading firms (HFTs), although it’s helpful to define these terms first. Quantitative strategies [&hellip

Book Review: Inside the Black Box

Book Review: Inside the Black Box

By The Banker | Book Reviews, Investing, Wall Street

I read Rishi Narang’s Inside the Black Box as a kind of primer on quantitative trading, in advance of reading Michael Lewis’ Flash Boys. Need for a primer on quantitative trading I need a primer before reading Flash Boys for several reasons. I was an ‘over-the-counter’ institutional bond guy, rather than a participant in the exchange-traded [&hellip

Book Review, Review: Michael Lewis on John Lanchester's

Book Review, Review: Michael Lewis on John Lanchester’s “Capital”

By The Banker | Book Reviews, Wall Street

I learned from Michael Lewis’ article in this month’s New York Review of Books that the English have a particularly literary strength compared to us Yanks. After quoting a passage from John Lanchester’s Capital featuring the inner quotidian dialogue of a Londoner named Ahmed, Lewis observes: You can find this sort of thing on every other [&hellip