When the book “Flash Boys” burst onto the financial scene in early 2014, creating a storm of controversy over “rigged markets” trading everything from Google, Apple and Facebook to General Electric, Ford and Proctor & Gamble. The resulting peak behind the curtain of high frequency trading (HFT) created a firestorm as the battle was characterized as “dirty.” A new shot was fired in that “dirty” battle Thursday, as a public comment letter from the stalwart New York Stock Exchange accused the up and coming hero of “Flash Boys” of not practicing what it preaches. In an exclusive statement to ValueWalk, the “hero” exchange…
NYSE Attacks IEX Exchange Proposal, "Flash Boys" Hero Responds
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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