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Michael Lewis' 'Flash Boys' focuses on Wall Street computer scheme
Michael Lewis' 'Flash Boys' focuses on Wall Street computer scheme

There's something delightfully strange and counterintuitive about the way time operates in the opening chapters of Michael Lewis' new book, "Flash Boys: A Wall Street Revolt." Lewis describes a new kind of Wall Street gold rush. In the entirely automated, pre- and post-crash stock market of the first two decades of the 21st century, human traders have become superfluous. Stocks are bought and sold inside computers, and a new brand of high-frequency trader is making a fortune thanks to a precious new commodity — speed. Suddenly, a millisecond (one thousandth of a second) is worth millions of dollars. In the crazy, ever-faster new world Lewis describes, a small...

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