Dark pools

Feb 21, 2026
finance

Flash Boys Chapter 4 - How Brad's Team Tracked Wall Street's Hidden Predators

By the end of 2010, Brad’s team had built a weapon. Thor worked. It protected investors from getting front-run by high-frequency traders. But here’s the problem. They had built a defense against an enemy they barely understood.

Feb 17, 2019
finance

Trading and Exchanges Chapter 25: Internalization, Payment for Order Flow, and Crossing Networks

If you use Robinhood or any zero-commission broker, this chapter explains how the sausage is made. You pay zero commission, sure. But someone is paying your broker for the privilege of filling your order. That someone is a wholesale dealer, and the payment is called “payment for order flow.” Chapter 25 breaks down how this works and whether it hurts you.

Dark pools

Flash Boys Chapter 4 - How Brad's Team Tracked Wall Street's Hidden Predators

Trading and Exchanges Chapter 25: Internalization, Payment for Order Flow, and Crossing Networks

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