Flash Boys Final Thoughts - Did Anything Actually Change on Wall Street?
So we made it. Thirteen posts covering every chapter of Flash Boys by Michael Lewis. And now the big question: did any of it matter?
So we made it. Thirteen posts covering every chapter of Flash Boys by Michael Lewis. And now the big question: did any of it matter?
In Part 1 we talked about the misfits Brad recruited to build IEX. Now we get to the good stuff. They launched it. And then Goldman Sachs did something nobody expected.
Chapter 7 is called “An Army of One.” And it starts not with trading algorithms or secret cables. It starts with a guy on the subway on September 11, 2001.
Chapter 6 is where everything gets real. Brad and his team stop talking about the problem and start building the solution. They quit their jobs, raise money, hire puzzle solvers, and design a stock exchange from scratch. And the centerpiece of the whole thing is a coil of fiber optic cable stuffed inside a box the size of a shoe.