all right. it s wednesday morning. let s get an early start on your money. european shares are up. u.s. stock futures are mixed. the dow is up on fred on higher inflate data. the federal reserve is going to make its policy notice known later today. is the stock market rigged? that s a question michael lewis posed in his book flash boys. and a question of a senate probe into high-speed trading attempted to be answered yesterday. senators drilled about fairness and mainly to trade brokers to trade with them. is it correct that td ameritrade receives payment either from a whole said sale broker as payment from order flow, or from an exchange as a
trading. high-frequency trading now thrust back into the public eye, with critics arguing the trading method comes out of billions of dollars. and with me now is the author flash boys, michael lewis. how did you find your way into this story? it began with a curiosity about a goldman sachs high-frequency trading programmer who left goldman and was arrested by the fbi for stealing goldman s high-frequency code. and he ends up, i think it was when he was thrown in jail, for what, seven or eight years. i just started i just wondered how on earth the only person from goldman sachs after this financial crisis gets thrown in jail is the only person goldman sachs wants thrown in jail. so i started to poke around that story and went looking for
or save you money we ll give you $150. comcast business built for business. michael lewis book flash boys, that has been getting a lot of headlines. it s the book that wall street can t put down. michael lewis has raised an uproar with flash boys, his indictment of high-frequency trading. high-frequency trading now thrust back into the public eye,
and with me now is the author flash boys, michael lewis. how did you find your way into this story? it began with a curiosity about a goldman sachs high-frequency trading programmer who left goldman and was arrested by the fbi for stealing goldman s high-frequency code. and he ends up, i think it was when he was thrown in jail, for what, seven or eight years. i just started i just wondered how on earth the only person from goldman sachs after this financial crisis gets thrown in jail is the only person goldman sachs wants thrown in jail. so i started to poke around that story and went looking for someone to explain high-frequency trading for me, because it was this new term of art. that led me to the main subject of the book. explain now i m going to
deeming it a broad generalization that lumps the vast amount of good market behavior in with a few bad actors. but now the new york attorney general, fbi, and justice department are conducting investigations into the unfair market manipulation that lewis describes. we are determined to follow this investigation wherever the facts and the law may lead. but if you re looking for a wall street that isn t rigged in some way, well, don t hold your breath. i m going to the author of flash boys, michael lewis, next. (music) defiance is in our bones. defiance never grows old. citracal maximum. calcium citrate plus d. highly soluble, easily absorbed.