The Great HFT Debate With Michael Lewis On CNBC

Economy | Information | History | Online | Facts | World | Global | Money

1. wow this escalated QUICKLY
2. HFT should be illegal, creates unfair advantage, totally rigged
3. Oh my, I just discovered a problem in me today and I'm happy that I identified it :-)
   Actually I have a tendency to take side even if that is not necessary.
   I'm C programmer worked for an exchange, a huge hedge fund, a big broker and a algo-trading firm.
   In-spite of my knowledge of internals of trading venues it didn't pushed my mind enough to understand how speed bump is gonna improve things I took a side. I stood with IEX.
   Bull shit how can I be so ordinary.
   First thing first, they were not able to prove how HFT is bad also there is no prove given how speed bump solve those BAD points.
   Actually this is just a selling tactics of IEX.
   And the BOOK, is just feed people is hunger to get fictitious explanations of things.
   Michael Lewis doesn't even speak about technical thing, he just lack competency to understand little bit of it.
4. 1:10 LOL
5. What ever happened to William O'Brien?
6. Bill is insanely psychotic!
7. ive watched this conversation a few times since the day it happened.. it was a pretty exciting week.
8. William O'Brien needs to sit in a prison.
9. William O'Brien is the one behind the scandal, right?
10. He's saying what most is not all traders know already.
11. thank you so much once again!
12. The interruption are unbearable.  I'm half way thru the book flash boys and between these crooks and the high fees we are getting screwed like a five dollar whore.  We are just ATM machines for those scumbags on Wall Street.    As for William O'Brien, he was extra loud and very argumentative.  I sense during the whole conversation he was lying.
13. This is so great. Thanks for sharing.
14. Moral Oriental Screws Jews.
15. it's about time that someone has taken these crooks to task. i praise Katsuyama for his efforts. anyone that does not believe in what he is doing has an over inflated vision of self.
16. So awesome, his hat is handed to him with his lunch dumped in it..
17. you a
18. to you ffatheaf
19. "Rigged" and "corrupt" (illegal) are different things. Yes it's rigged... using the laws/regs that exist to-date. The spaz from the BATS exchange is very adept at high school debate techniques and dances from sound bite to sound bite dodging the core issue of speed being an integral part of "access".
20. We know the markets are crooked. Period.