Thursday January 19th 2017

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Book Review: Broken Markets by Sal Arnuk and Joseph Saluzzi

Broken Markets: How High-Frequency Trading and Predatory Practices Are Destroying Confidence and Your Portfolio, by Sal Arnuk and Joseph Saluzzi, FT Press, 2012

This insider look at the evolution of high-frequency trading (HFT) from its start as “scalping” in the Chicago commodity trading pits well over a decade ago is chilling, even to the most intrepid retail investor like me. It provides vital advice for institutional portfolio managers and individual investors on how to stay abreast of the current arms race by HFT traders and the over 50 electronic exchanges they use. Read more…

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