Chapter 7, pages 193-245

  • This chapter focuses on Zoran Perkov, and how 9/11 taught him that he handled crisis situations well, and liked being in the drama. This new found passion caused Perkov to leave the tech support side of Wall Street to work for NASDAQ running the electronic stock market there, and eventually led him to Katsuyama and the other main characters throughout this book. This led to the opening of their own market at IEX. (IEX is a dark pool)
  • “If Goldman Sachs was willing to acknowledge to investors that this new market was the best chance for fairness and stability, the other banks would be pressured to follow. The more orderes that flowed onto IEX, the better the experience for the investors, and the harder it would be for the banks to evade this new, fair market”
  • IEX represented a choice and made the point that the market which had become overly complicated might be understood by not being rigged in someones favor, all it needed was for investors to take responsibility for understanding it. The backbone of the market is investors coming together to trade. Without that backbone, there would be no market. I am moving closer to the end of the book, and I find it really interesting how everything is starting to tie together, and things are making more sense. I think it is fascinating the roles each individual plays, and I would like to do more research to find out how lasting this agreement was, and look into more of the effects that this has had, especially the effects on the average joe. The U.S financial system has experienced many changes, and a lot of these changes are shown in this book. I would be curious to compare and contrast these changes in more detail. The costs and benefits of each, and develop an opinion about what system is more successful and should be used. I am really glad that I picked this subject and book for my project, because this entire subject was unknown to me, and I love learning more about it, and its effects. I am wondering how I will present my project in class without making it seem boring and using to much jargon and technical terms.
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One thought on “Chapter 7, pages 193-245

  1. Perhaps a good start to your presentation would be to give the class a glossary of terms they need to understand the material you’re going to present. Defining them in everyday language and explaining each would help establish your authority and lead nicely to the in depth material.

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