The release of Flash Boys: A Wall Street Revolt comes after years of public debate over the lightning-fast trading systems which have grown to dominate a fractured terrain where multiple exchanges and bank-run trading platforms compete for orders.
In the two weeks before publication of Mr Lewis’s book, Goldman Sachs has suddenly thrown its weight behind market reform after years of investment in HFT and has also taken the highly unusual step of telling staff to publicise its support for a competing trading platform.
Some market executives have even discussed with Virtu Financial, an HFT outfit preparing the first IPO of a global proprietary trading firm, postponing its share sale amid heightened scrutiny of its core business. Virtu declined to comment, but its roadshow is expected to kick off next week.
High-frequency trading could soon officially mint its first billionaire.
Vincent “Vinnie” Viola, the founder of Virtu Financial Inc., could have his stake valued at around $2 billion once the company sells shares to the public, according to two people familiar with the matter.
We’re quite certain Viola won’t be out on the street if Virtu’s IPO doesn’t go perfectly, but certainly the timing of the book’s release isn’t fantastic.
This dominant win is a heck of a way for the Kings to begin an imposing seven-game road trip, which continues against the New York Islanders on Thursday. The Bruins probably want to burn the tape on this one themselves, as they’re about to head on a six-game road trip.
Per @EliasSports: @LAKings had 9 different skaters score in a game for 5th time in franchise history. Last: Jan. 21, 1987 vs. PIT (10-5 W).
Some hockey players resist the urge to wear a visor, at least if they’re given that choice.
Perhaps a few will say “Hey, Nathan Beaulieu will just punch it off anyway.”
Maybe not, but Beaulieu provided a rather unique moment in his fight with Cedric Paquette during the Montreal Canadiens – Tampa Bay Lightning game. You can watch that bout in the video above, and see a cut on the Lightning pest’s face from that blow.