4min chapter

Against the Rules with Michael Lewis cover image

The Magic Shoebox

Against the Rules with Michael Lewis

CHAPTER

How to Trade Stocks on a High Frequency Stock Exchange

i e x is a stock exchange that might put the entire racket out of business. It uses coiled fibre optic cable to slow down high speed traders. Investors would be spared being ripped off somewhere between seven and 84 billion dollars a year if they traded on i X. Rodan couldhave walked away from his middle class irish self and acquired whatever he wanted, including airs. Instead, he flew ireland. His parents still had no real idea what their son did for esdence, but he wanted to talk to them about it because somehow they were still important to him.

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