Flash Boys Author Michael Lewis's Old Predictions For the Future

Author Michael Lewis is best known for uncovering hidden corners of our present, whether in baseball (Moneyball), the financial collapse (The Big Short), or high frequency trading (this month's Flash Boys). But in the September 26th, 1996 issue of the New York Times Magazine, Lewis took a swing at predicting the… »4/08/14 4:39pm4/08/14 4:39pm


High-Speed Traders Beat Laws of Physics, Steal 5 Milliseconds From Fed

A week ago, the Federal Reserve announced something or another about bonds, a move that sent the bond market into a frenzied orgy of bond loading and unloading. So what, right? The markets quiver whenever the Fed does anything. Well, weirdly, it appears the information got out five milliseconds early. Which wouldn't… »9/25/13 12:30pm9/25/13 12:30pm

Glitch Drops Google Stock Price $200 in Four Minutes, Wiping Out $62 Billion

At probably like the worst time ever for your stock to plummet harder than a meteor on a collision course with Bruce Willis, a glitch knocked $200 off of Google's stock price—that's half—in the span of four minutes as the markets were closing today. $62 billion. Erased. In four minutes. The glitch has been fixed,… »9/30/08 7:40pm9/30/08 7:40pm

12 Gadgety Trading Floors: Just in Time for Today's Wall Street Crisis

As I'm sure you already know, the Dow dropped 500 points today on the news of a Lehman Brothers bankruptcy filing and a $50 billion stock buyout of Merrill Lynch by Bank of America Corp. This tag team of devastation sent stocks spiraling down in the worst tumble we have seen since the 9/11 attacks. Therefore, OObject… »9/15/08 7:20pm9/15/08 7:20pm