خرید و دانلود نسخه کامل کتاب Flash Crash: A Trading Savant, a Global Manhunt, and the Most Mysterious Market Crash in History – Original PDF

For more than a century, futures were principally traded at the Chicago Board of Trade and the Chicago Mercantile Exchange, but in 1979 Margaret Thatcher was elected prime minister of Britain, ushering in an era of buccaneering capitalism and deregulation. Three years later, a European market focused solely on financial futures—instruments tied to the future value of bonds, equities, foreign exchange, and interest rates as opposed to commodities like wheat or copper—was born. Liffe started out at the Royal Exchange, a grand, cavernous, rectangular coliseum directly opposite the Bank of England. When it was built as a venue for merchants to congregate, in 1571, financial traders were banned because of their “rude manners.” Four hundred years later, they had taken over. The first participants through Liffe’s doors were given the honorific “Day One Traders.” They included David Morgan, a serial entrepreneur who owned a boutique on Carnaby Street and, according to the legend, made a fortune selling dried fish to Nigeria in the 1970s. Morgan was a small, regimented man with a suave bearing and a tightly clipped mustache that earned him the nickname Colonel. Traders saluted him as they passed. Morgan wasn’t the greatest trader himself, but he could recognize potential in others and started backing new recruits, many of them high school graduates from working-class backgrounds. They adored him, happily sacrificing a share of their profits for the opportunity to make a fortune