They’re Definitely Out To Get You

If you’re a small investor, the stock market is rigged against you. If that sounds like a conspiracy, that’s because it is one: the system was built for market insiders who know how to manipulate it. As the foremost chronicler of how regular Americans keep getting #!*&%ed by Wall Street, Michael Lewis tells the captivating story behind the grift in Flash Boys.

An 827-Mile Secret

In 2009, a trader named Dan Spivey commissioned a top-secret project. Two hundred men formed secret crews that worked together to build a fiber-optic line connecting a data center in Chicago with a stock exchange in New Jersey. Ultimately, the line cut the roundtrip time for data to 13 milliseconds, but only people who paid a premium (that is, big investors) received the advantage. Learn more about Spivey and Lewis’s rousing cast of characters in our Instaread on Flash Boys.

Related Posts

Begin typing your search term above and press enter to search. Press ESC to cancel.

Back To Top
Instaread - Audio & Text
Free on the App Store
Install now