Chicago Pits (2018) by Bill Walker (Skywalker) Staggers Readers
“Was it really like that? I can’t believe such large financial transactions are conducted like that,” people keep asking me. They are referring to the daily savagery I write about in Chicago Pits (2018)?
My answer-and I was a floor broker for many years– is “Not always. But when the chips were down, all too often it was exactly like that. And that is why they now trade electronically. The customer was the stooge all too often.”
The inefficiencies, corruption, and favoritism easily trump what Michael Lewis so ably depicted in Flash Boys.
Bill Walker is the author of the popular Skywalker hiking series (Skywalker–Close Encounters on the Appalachian Trail, Skywalker–Highs and Lows on the Pacific Crest Trail).