Category: tweets

@harryh The automation should have reduced the cost of liquidity to 0 by now.

@harryh My takeaway is not that the day is saved by the hero, but that everyone in the market is getting screwed, at least a little.

@harryh The one dark pool that does publish rules, and has stated intention to become a public exchange once their volume is sufficient.

@harryh Not in the dark pools. Did you read the book, or just the angry gambler’s review?

@harryh In what context can not describing the rules of the game to the players be seen as fair?

@harryh The book is not about historical context, but how info asymmetry is currently being used in ways most people would consider unfair.

@harryh I’d skimmed that before, but still find it a thin criticism. It’s an engaging story about the interaction of technology & finance.

@harryh It was, perhaps, not the most balanced thing I’ve read, but I’m not sure why I should have hated it?

finished Flash Boys: A Wall Street Revolt by Michael Lewis amzn.to/1i9bJTX