Quote:
Originally Posted by Rain Man
There was a case a while back where a brokerage firm got caught making some tiny computer program change to execute their trades a microsecond before the public's trades, which gave them an advantage in pricing their buys and sells. Ever since then, I've known that we're playing a rigged game that works against people and for giant Wall Street brokerages, and it's disappointing. But the challenge is that it's the only game in town.
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Read Flash Boys by Michael Lewis. It’s pretty damned interesting.