Being the "little guy" in the markets is never easy, it seems.
The recent airing of a "60 Minutes" special concerning high-frequency trading (HFT) and Michael Lewis' new book, "Flash Boys: A Wall Street Revolt," went into detail on how retail investors are being duped by this new wave of algorithmic gurus and computer experts.
Lewis' book has sparked controversy across the investing community, with the "Liar's Poker" author claiming the stock market is "rigged." Some high-frequency firms argue the heat is unwarranted, saying they provide liquidity and keep fees down. Just how bad investors are being affected and just how much money is being made from HFT practices have been debated since the program aired. Continue reading "High-Frequency Trading: What You Need To Know"
In his latest book on Wall Street, author Michael Lewis claims the stock market is rigged - What do you think?
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