I have been interested in this area for the past few years. And I am really glad that Michael Lewis is writing about it since he is the best financial writer in the world.
I have his new book on order.
Mark Cuban (successful dot com billionaire and owner of Dallas Mavericks) no longer trades stocks. Since he thinks the market is now gamed by strange algorithms which are far beyond what a human can comprehend or compete with. He wrote a good blog post on this a few years ago:
http://blogmaverick.com/2012/09/21/what-...reet-in-3/
There is a lot of media coverage about HFT due to Michael Lewis's new book. And I saw an interview with Mark Cuban who warned that the algorithms running HFT will blow up in the same way that derivatives (which nobody could understand properly either) did in 2008.
We saw a precursor of that with the Flash Crash of 2010. Jim Cramer happened to be on the air when it kicked off.
Anyway - I can't wait for the new Michael Lewis book.
I have his new book on order.
Mark Cuban (successful dot com billionaire and owner of Dallas Mavericks) no longer trades stocks. Since he thinks the market is now gamed by strange algorithms which are far beyond what a human can comprehend or compete with. He wrote a good blog post on this a few years ago:
http://blogmaverick.com/2012/09/21/what-...reet-in-3/
There is a lot of media coverage about HFT due to Michael Lewis's new book. And I saw an interview with Mark Cuban who warned that the algorithms running HFT will blow up in the same way that derivatives (which nobody could understand properly either) did in 2008.
We saw a precursor of that with the Flash Crash of 2010. Jim Cramer happened to be on the air when it kicked off.
Anyway - I can't wait for the new Michael Lewis book.