"Flash Boys," authored by Michael Lewis, explores the world of high-frequency trading (HFT) and the complexities of the modern stock market. The book introduces the idea that the market has become a place where speed and technology dominate, allowing a select group of traders to exploit tiny price differences in milliseconds. This has profound implications for fairness and equality in trading practices, as many regular investors find themselves at a disadvantage against these sophisticated systems.
The narrative follows key figures, including Brad Katsuyama, a trader who becomes aware of the manipulations occurring in the market. Through his journey, Katsuyama seeks to expose the truth about HFT and ultimately builds a new exchange—one designed to address the inherent unfairness in the system. The book reveals how the financial industry has evolved, focusing on how technological advancements have outpaced regulations meant to ensure a level playing field.