Summary of Michael Lewis's Flash Boys
Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 By 2009, the line had a life of its own, and two thousand men were digging and boring the strange home it needed to survive. They were just happy for the work.
#2 The speed at which trades can be made between two different exchanges is limited by the speed of light in fiber, which is about 12 milliseconds. However, the trading speed that is available between exchanges is much slower than that.
#3 Spivey's plan entailed digging a secret tunnel through the Alleghenies that would connect Chicago to New York. He wanted to cross the line that separated Wall Street traders from people who knew how to dig holes and lay fiber.
#4 The construction of the fiber optic cable was a challenge, as the rock in Pennsylvania was hard limestone. It took a lot of work to dig through it.
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Sample Book Insights:
#1 By 2009, the line had a life of its own, and two thousand men were digging and boring the strange home it needed to survive. They were just happy for the work.
#2 The speed at which trades can be made between two different exchanges is limited by the speed of light in fiber, which is about 12 milliseconds. However, the trading speed that is available between exchanges is much slower than that.
#3 Spivey's plan entailed digging a secret tunnel through the Alleghenies that would connect Chicago to New York. He wanted to cross the line that separated Wall Street traders from people who knew how to dig holes and lay fiber.
#4 The construction of the fiber optic cable was a challenge, as the rock in Pennsylvania was hard limestone. It took a lot of work to dig through it.
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