Berkeley study finds scarce evidence of market ‘front-running’

Two University of California, Berkeley professors have taken a deep dive into new data and found that claims in Michael Lewis’ bestseller Flash Boys that retail investors are being gouged, or “front-run,” by high-speed traders not to be true – at least not now. Professors Robert Bartlett and Justin McCrary said their findings contradict the common belief that fast traders systematically exploit others who rely on public data feeds, which in the past were notoriously slow. (The Globe And Mail)

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