I read the book Flash Boys and found myself so appalled at how sketchy and underhanded the market is, and how little I know of how it works, that a handful of other people in my life got the book because I kept talking about it. The SEC has approved a new stock exchange run by the men who were central to the book.
Many of you know much more about the markets than I do. Do you see this as a good thing? Something that will last? Are the warnings that it could hurt small investors accurate?