Book description
The markets have evolved at breakneck speed during the past decade, and change has accelerated dramatically since 2007's disastrous regulatory "reforms." An unrelenting focus on technology, hyper-short-term trading, speed, and volume has eclipsed sanity: markets have been hijacked by high-powered interests at the expense of investors and the entire capital-raising process. A small consortium of players is making billions by skimming and scalping unaware investors -- and, in so doing, they've transformed our markets from the world's envy into a barren wasteland of terror.
Since these events began, Themis Trading's Joe Saluzzi and Sal Arnuk have offered an unwavering voice of reasoned dissent. Their small brokerage has stood up against the hijackers in every venue: their daily writings are now followed by investors, regulators, the media, and "Main Street" investors worldwide. Saluzzi and Arnuk don't take prisoners! Now, in Broken Markets, they explain how all this happened, who did it, what it means, and what's coming next. You'll understand the true implications of events ranging from the crash of 1987 to the "Flash Crash" -- and discover what it all means to you and your future. Warning: you will get angry (if you aren't already). But you'll know exactly why you're angry, who you're angry at, and what needs to be done!
Table of contents
- Title Page
- Copyright Page
- Dedication Page
- Contents
- Foreword
- Acknowledgments
- About the Authors
- Introduction
- 1. Broken Markets
- 2. The Curtain Pulled Back on High Frequency Trading
- 3. Web of Chaos
- 4. Regulatory Purgatory
- 5. Regulatory Hangover
- 6. The Arms Merchants
- 7. It’s the Data, Stupid
- 8. Heart of Darkness
- 9. Dude, Where’s My Order?
- 10. The Flash Crash
- 11. The Aftermath
- 12. Killing the Stock Market That Laid the Golden Eggs
- 13. Call to Action
- Appendix. Themis Trading White Papers
- Index
- FT Press
Product information
- Title: Broken Markets: How High Frequency Trading and Predatory Practices on Wall Street are Destroying Investor Confidence and Your Portfolio
- Author(s):
- Release date: May 2012
- Publisher(s): Pearson
- ISBN: 9780132875288
You might also like
book
Hacker’s Delight, Second Edition
In Hank Warren once again compiles an irresistible collection of programming hacks: timesaving techniques, algorithms, and …
book
Quantitative Finance
Teach Your Students How to Become Successful Working QuantsQuantitative Finance: A Simulation-Based Introduction Using Excel provides …
book
Hands-On Machine Learning with Scikit-Learn, Keras, and TensorFlow, 3rd Edition
Through a recent series of breakthroughs, deep learning has boosted the entire field of machine learning. …
book
Options, Futures, and Other Derivatives, 10th Edition
For courses in business, economics, and financial engineering and mathematics. The definitive guide to derivatives markets, …