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    Flash Boys (Review and Analysis of Lewis' Book)
    Flash Boys (Review and Analysis of Lewis' Book)
    Flash Boys (Review and Analysis of Lewis' Book)
    Ebook48 pages32 minutes

    Flash Boys (Review and Analysis of Lewis' Book)

    By BusinessNews Publishing

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    About this ebook

    The must-read summary of Michael Lewis' book: "Flash Boys: A Wall Street Revolt".

    This complete summary of the ideas from Michael Lewis' book: "Flash Boys" explains the increase of high-frequency trading (HFT) in the US market and Dan Spivey's project to connect a data centre in Chicago to a stock exchange in northern New Jersey by fibre optic cable. This summary points out the key ideas behind Lewis' book, such as the fact that speed has replaced the stability of the markets as the high-frequency traders' main objective.

    Added-value of this summary:
    • Save time
    • Understand the main indeas behind Lewis' book
    • Get an overview of high-frequency trading

    To learn more, read "Flash Boys" and discover more about high-frequency trading!
    LanguageEnglish
    PublisherBusiness Book Summaries
    Release dateJul 1, 2015
    ISBN9782511035757
    Flash Boys (Review and Analysis of Lewis' Book)

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      Book preview

      Flash Boys (Review and Analysis of Lewis' Book) - BusinessNews Publishing

      Book Presentation

      Flash Boys by Michael Lewis

      Summary of Flash Boys (Michael Lewis)

      Book Abstract

      In the summer of 2009, Dan Spivey started a secret construction project to connect a data center in Chicago to a stock exchange in northern New Jersey by fiber optic cable. Spivey, an ex-options trader and market maker, didn't just want this fiber optic connection to go the standard cross-country route which by-and-large followed the railway tracks. Spivey's cable had to be laid in the most direct route possible, even if that meant boring a hole through the Allegheny Mountains.

      About the Author

      MICHAEL LEWIS is a columnist for Bloomberg News and a contributing editor to Vanity Fair. He is the author of several books including The Big Short, Boomerang, The Blind Side, Moneyball and Liar's Poker. His articles have been published in The New Yorker, The New York Times Magazine and The New Republic. Mr. Lewis has also narrated feature articles for Nightline and This American Life. He is a graduate of Princeton and the London School of Economics.

      Important Note About This Ebook

      This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book.  This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.

      1. Spread Networks

      In the summer of 2009, Dan Spivey started a secret construction project to connect a data center in Chicago to a stock exchange in northern New Jersey by fiber optic cable. Spivey, an ex-options trader and market maker, didn't just want this fiber optic connection to go the standard cross-country route which by-and-large followed the railway tracks. Spivey's cable had to be laid in the most direct route possible, even if that meant boring a hole through the Allegheny Mountains.

      Dan Spivey had persuaded Jim Barksdale, the former CEO of Netscape Communications, to fund this secret construction project to the tune of $300 million. They named the company Spread Networks and they kept its construction secret until March 2010 – about three months before it was due to be completed – when they started offering access to this line to Wall Street traders. Their selling price: $14 million for a five-year lease. The capacity of the line was 200 users so once fully sold, Spread

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