Artificial intelligence makes winning moves in asset management

In the distant year of 2014, Michael Lewis came out with Flash Boys, a book that made villains out of the coders who were creating software for high frequency trading and that made heroes out of the founders of the IEX, especially founder Brad Katsuyama. On Lewis' script, they and he were foiling the nefarious HFT interests.

Flash Boys drew a lot of public attention: a lot more, one would feel safe in wagering, than any earlier discussion of the development of trading software and technology. What may have sold it was Lewis . . .

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Christopher Faille

Christopher Faille has written on a variety of legal, regulatory, and financial issues for decades. He is the author of "The Decline and Fall of the Supreme Court" (1995), for example, and the coauthor, with David O'Connor, of "Basic Economic Principles" (2000). He was an early reporter with Lipper HedgeWorld and has contributed to Forbes and to the Hedge Fund Law Report.

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