THE WALL STREET JOURNAL — The U.S. stock market is “rigged.” High-speed traders are able to front-run ordinary investors and make billions of dollars off of speedy computerized trading. That’s all according to Michael Lewis, author of a new book called “Flash Boys.”
“The United States stock market, the most iconic market in global capitalism, is rigged by a combination of the stock exchanges, the big Wall Street banks and high frequency traders,” Mr. Lewis said Sunday evening on CBS’s “60 Minutes.”
Read more at The Wall Street Journal.
