I've read a few of Michael Lewis's books. Liars Poker, The Big Short come to mind. He's a great story teller. So I feel impelled to read his latest on high frequency trading, a subject on which I've done some earlier posts. Here is the 60 Minutes short (14 minutes) documentary marking the book launch. Lewis says the stock market is rigged. Some traders have invested hundreds of millions in IT infrastructure to make sure they get market moving information first and then they change their prices. The result is described in a memorable analogy in the 60 Minutes program: its like buying 4 tickets online in a theater. You choose 4 seats but only get two and the other two show up at a higher price.

Underlying issue here is how to run networked infrastructure.