The Market Structure Crisis: Electronic Stock Markets, High Frequency Trading, and Dark Pools

Really like Haim Bodek but if you do not have a good understanding of financial terms do not bother getting the book.

This book is a must read for anyone working in the capital markets, as well as anyone curious about what is really happening behind the scenes in our modern stock and option markets. While Flash Boys brought a lot of mainstream attention to the topic, Haim is a long time practicioner and has been writing about HFT, market structure, and electronic liquidity for years. This book is the 'meat' to Tom Wolf's 'flash', if you will.

This is not a book. It's literally just a collection of science-style papers meant for experts on legal issues related to the stock market. I read scientific literature all the time but this just caused my eyes to glaze over. After the first 20 pages I just quit reading, realizing it wouldn't help me in my day trading. I thought it could help me understand the market better, but nope!And if you aren't a day trader and more interested in the legal issues, you can just use google to find papers on the issues.

I was hoping this book would collect, summarize, and combine the cited articles in a readable way. Unfortunately, reading the original articles (online) was more accessible especially as the book under review i) assumes important definitions and ii) floods the reader with volumes of footnotes. There are instances where footnotes occupy the majority of the page.The content is intriguing, so it would be fantastic to see a polished revision addressing these points.