狙击黑箱
Flash Boys
Michael Lewis · 初版 2014 年
76人推荐
210位读者提及
277次提及
为什么值得读
- 清楚拆解高频交易抢先下单的运行原理
- 讲述主角团队尝试对抗并解决该问题的过程
- 节奏极佳且极富可读性
论证了危机后的 Wall Street 依然由大型银行所控制，并阐述了一小群背景各异的 Wall Street 人士如何联合起来对金融市场进行改革。
Hacker News 上怎么说
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Flash Boys
Michael Lewis · 初版 2014 年
论证了危机后的 Wall Street 依然由大型银行所控制，并阐述了一小群背景各异的 Wall Street 人士如何联合起来对金融市场进行改革。
正在加载完整评论……
如果你想知道高频交易（HFT）是怎么运作的，我推荐迈克尔·刘易斯写的《闪击者》（Flash Boys），或者看这本书的主角布拉德·胜山（Brad Katsuyama）演讲的前15分钟 https://www.youtube.com/watch?v=N9hoqFpDjVs。简而言之，当你从自己的电脑发送买入订单，比如……
If you want to know how HFT works I recommend the book Flash Boys by Michael Lews or the first 15 minutes of this talk by Brad Katsuyama (the book protagonist) https://www.youtube.com/watch?v=N9hoqFpDjVs. In short, when you send an order from your computer to buy say…
……连接到交易所 B、C 的高速线路，在市场其余人还没反应过来之前，抢先在那里执行我自己的买单。这并不违法，但这依然是利用延迟套利（latency arbitrage）对市场其他参与者进行抢先交易（front-running）。想了解更多这个话题，去看看迈克尔·刘易斯的《闪击者》。
…links to exchanges B, C to execute my own buy orders there before the rest of the market reacts. It's not illegal, but it is still front-running the rest of the market due to latency arbitrage. Check out Flash Boys by Michael Lewis for more on the topic.
强烈推荐迈克尔·刘易斯的《闪击者》（《大空头》也是他写的，改编的电影也很棒）。它顺藤摸瓜追踪高频交易（High Frequency Trading），揭露了它是如何被用来抢先交易（front load）订单以及配合其他手段……
Highly recommend Flash Boys by Michael Lewis (author of The Big Short which was also a great film adaptation). It follows the trail of High Frequency Trading to uncover how this was used to front load orders and along with other…
迈克尔·刘易斯的《闪击者》。讲的是高频交易（算法交易）以及市场是如何应对的，还有少数几个人是如何出手解决这个问题的。这书看得人极其上瘾。
"Flash Boys" by Michael Lewis It's about High Frequency Trading (algorithmic trading) and how the market reacted; and what a few individuals did to solve the problem. It's a seriously addicting book.
我刚读完迈克尔·刘易斯的《闪击者》，读来真是让人大开眼界。回答你的问题：1）我认为全网都是 350 微秒，除了那些有可疑行为的公司（取消订单……
I just finished reading Flash Boys by Michael Lewis, it was an incredibly enlightening read. To answer your questions: 1) I think it's 350mcs across the board except in the case of firms which conduct suspect activity (canceling orders…
……只要别太无脑，你就能按预期的价格成交（fill）。所以这既不是被操纵也不是被偷，只是无脑执行策略太低级罢了：在非碎片化市场如此，在 HFT 出现之前也是如此。一本很好的参考书是 http://www.amazon.com/Flash-Boys-Insiders-Perspective-High-F....
…stupid you get the fill you want. Hence not rigged or stolen, just that naive execution is a poor choice: same as in unfragmented markets, same as before HFT. A good reference is http://www.amazon.com/Flash-Boys-Insiders-Perspective-High-F....