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Morgan Stanley in upside surprise

Morgan Stanley building

Morgan Stanley reported profit that beat analysts’ estimates as a surprise jump in fixed-income results helped the firm post the only increase in trading revenue among the six biggest U.S. firms this year.

Michael Lewis: 'Wall Street has gone insane'

Michael Lewis - Flash Boys

On a sliding scale of difficulty, writing a general-interest book about high-frequency trading is slightly harder than making baseball statistics interesting, but easier than animating the role played by quantitive analysis in the 2007 financial collapse.

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