| Description |
1 online resource (1 volume) : illustrations |
| Bibliography |
Includes bibliographical references and index. |
| Contents |
Broken markets -- The curtain pulled back on high frequency trading -- Web of chaos -- Regulatory purgatory -- Regulatory hangover -- The arms merchants -- It's the data, stupid -- Heart of darkness -- Dude, where's my order? -- The flash crash, Part I: a day which will live in infamy -- The flash crash, Part II: the mourning after -- Killing the stock market that laid the golden eggs -- Call to action. |
| Summary |
The markets have evolved at breakneck speed during the past decade, and change has accelerated dramatically since 2007's disastrous regulatory "reforms." An unrelenting focus on technology, hyper-short-term trading, speed, and volume has eclipsed sanity: markets have been hijacked by high-powered interests at the expense of investors and the entire capital-raising process. A small consortium of players is making billions by skimming and scalping unaware investors -- and, in so doing, they've transformed our markets from the world's envy into a barren wasteland of terror. Since these events began, Themis Trading's Joe Saluzzi and Sal Arnuk have offered an unwavering voice of reasoned dissent. Their small brokerage has stood up against the hijackers in every venue: their daily writings are now followed by investors, regulators, the media, and "Main Street" investors worldwide. Saluzzi and Arnuk don't take prisoners! Now, in Broken Markets , they explain how all this happened, who did it, what it means, and what's coming next. You'll understand the true implications of events ranging from the crash of 1987 to the "Flash Crash" -- and discover what it all means to you and your future. Warning: you will get angry (if you aren't already). But you'll know exactly why you're angry, who you're angry at, and what needs to be done! |
| Subject |
Stocks -- United States.
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Stock exchanges -- United States.
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Stocks -- Prices -- United States.
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Investments -- Moral and ethical aspects -- United States.
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Speculation -- Moral and ethical aspects -- United States.
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Actions (Titres de société) -- États-Unis. |
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Actions (Titres de société) -- Prix -- États-Unis. |
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Investissements -- Aspect moral -- États-Unis. |
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Spéculation -- Aspect moral -- États-Unis. |
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Investments -- Moral and ethical aspects |
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Speculation -- Moral and ethical aspects |
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Stock exchanges |
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Stocks |
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Stocks -- Prices |
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United States |
| Added Author |
Saluzzi, Joseph, 1966-
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| Other Form: |
Print version: Arnuk, Sal (Saleem), 1966- Broken markets. Upper Saddle River, N.J. : FT Press, ©2012 9780132875240 (DLC) 2012008546 (OCoLC)759908231 |
| ISBN |
9780132875288 |
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0132875284 |
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0132875241 |
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9780132875240 |
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(hbk.) |
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