Flash Boys: A Wall Street Revolt

Flash Boys: A Wall Street Revolt is a book by Michael Lewis, published in 2014. This Waffle podcast explores the book across 3 episodes.

Why did quoted prices disappear when Brad Katsuyama tried to trade, and how did his team discover that slowing orders down could protect investors? How did investor-protection rules and Wall Street’s incentives create opportunities for predatory trading, and why did addressing them require an independent market rather than just a better trading tool? What did IEX’s launch and Goldman Sachs’s pivotal trading experiment reveal about whether transparency and trust could sustain a business in a market that rewarded exploitation?

These episodes are AI-generated adaptations grounded in the book. Listen to the first episode here and continue the series in the Waffle app.