Quite an intriquing book....Michael Lewis' book entitled "Flash Boys: A Wall Street Revolt".
I had wondered in my own life, when it was in the order of me placing a trade, that my trade would become visible to other traders on the market. According to this book, even if you don't complete the trade by hitting "enter", and simply by using the "preview order" process offered by your broker, this trade, or rather your "intention" to place a trade has already become visible to other traders. These traders then may, if they so choose, use that knowledge to bet "ahead" of your proposed trade, thereby using a process commonly called "front running".
What do you feel about these ideas? Do they may you squirm...? Or do they just confirm what you have felt has been going on in the markets for a decade?
hmmm....much to digest.
Peace,
Carla.
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I had wondered in my own life, when it was in the order of me placing a trade, that my trade would become visible to other traders on the market. According to this book, even if you don't complete the trade by hitting "enter", and simply by using the "preview order" process offered by your broker, this trade, or rather your "intention" to place a trade has already become visible to other traders. These traders then may, if they so choose, use that knowledge to bet "ahead" of your proposed trade, thereby using a process commonly called "front running".
What do you feel about these ideas? Do they may you squirm...? Or do they just confirm what you have felt has been going on in the markets for a decade?
hmmm....much to digest.
Peace,
Carla.
Tweet
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