Something to Read - Off Topic Interview with Irene Aldridge and her Book 'High-Frequency Trading: A Practical Guide to Algorithmic Strategies'
Alpha Pages: You took great issue with Michael Lewis’ claim that the market is “rigged.” Why?
Irene Aldridge: On the Michael Lewis topic, I suppose I am most disappointed in the pay-for-play quality of the book. Even the fastest best-selling writers can tell you that they are only capable of writing 15 pages per day, at best. To write a 300-page book, [is] a five-month process, at a bare minimum.
Incidentally, at the time Mr. Lewis’s book was released, the trading venue around which much of the book revolves, has been in existence for, wait for it, exactly five months!