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Defending The Indefensible: Flash Trading Helped Save the Stock Market
Tuesday, April 1, 2014 - 4:01pm | 1077In his latest book, Flash Boys, Michael Lewis contends the stock market is "rigged" in favor of institutional investors who buy and sell securities rapidly with computer programs, booking loads of tiny profits. This is at the expense of the individual investor, Lewis claims. Actually, it is the...