AUDIO

Flash Boys: A Wall Street Revolt

8 CDs. retail ed. unabridged. 10 hrs. S. & S. Audio. 2014. ISBN 9781442370272. $29.99; digital download. BUS
COPY ISBN
Lewis (Moneyball) has a knack for illuminating complicated subjects. In this effort, he takes on high-frequency trading (HFT) in the U.S. equities market and that, post-2008, supposed reforms on Wall Street failed to end the worst pre-2008 excesses. Our story's moral compass is provided by financial services executive Brad Katsuyama, who discovered that the stock market is essentially rigged by firms that use their superior speed (courtesy of advanced algorithms and supercomputers) to skim a little money off nearly every trade. Since many people's retirement plans are tied to personal or mutual fund investments, this is an issue with currency for a wide audience. Katsuyama has helped form an alternative trading system in hopes of leveling the playing field. Narrator Dylan Baker, blessed with a strong story to tell, ably navigates the slippery minefield of high finance and low shenanigans.
VERDICT Highly recommended.

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