Adaptation From Flash Boys Offers Inside Look at High-Frequency Trading

Posted by samzenpus on Monday March 31, 2014 @05:55AM from the rigged-game dept.

Lasrick (2629253) writes "This NYT adaptation from the book provides an in-depth and infuriating look at how the stock market is rigged. Brad Katsuyama of the Royal Bank of Canada couldn't understand why stock he was trying to buy would suddenly vanish: 'Before RBC acquired this supposed state-of-the-art electronic-trading firm, Katsuyama's computers worked as he expected them to. Suddenly they didn't. It used to be that when his trading screens showed 10,000 shares of Intel offered at $22 a share, it meant that he could buy 10,000 shares of Intel for $22 a share. He had only to push a button. By the spring of 2007, however, when he pushed the button to complete a trade, the offers would vanish.' The ensuing investigation by Katsuyama led him to design a program that actually slowed down the trades. But Katsuyama's investigation revealed so much about how the system is rigged."

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Re:this will certainly lead to a cure for cancer. by Anonymous Coward · 2014-03-31 07:17 · Score: 0, Flamebait

I sure am proud that our country's best and brightest are focusing their efforts on optimization of moving around virtual little green pieces of paper.
It's not like we have real problems that need to be addressed.
So you have devoted your life to curing cancer? I am pleased that you have sacrificed your earning potential and the well being of your family to make this world a better place. But in all seriousness, get off slashdot and go back to curing cancer for us.