NEW YORK & LONDON, March 31, 2014 – “No, Michael Lewis, the US equities market is not rigged,” says Larry Tabb, founder and CEO of TABB Group, the capital markets research firm and a Wall Street market structure analyst, reacting to the CBS 60 Minutes interview with Michael Lewis, discussing his newest book, Flash Boys.
Lewis, the Vanity Fair contributing editor and best-selling author of Moneyball, Liar’s Poker and The Blind Side, told 60 Minutes correspondent Steve Kroft, “The stock market is rigged.”
Tabb, a global market structure expert, disagrees and explains why in a detailed commentary that can be found online athttp://tabbforum.com/opinions/no-michael-lewis-the-us-equities-market-is-not-rigged.
An abbreviated version focused on eight key issues follows:
On market fragmentation: “While the markets are complex,...
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