Joe Saluzzi and Sal Arnuk are helping lead the fight for fair, well-regulated markets and against the industry’s misinformation and half-truths. As two of the most knowledgeable market participants around, they’ve been on the forefront of the discussion for years. They’ve been an especially strong voice in debunking the industry’s arguments on high frequency trading through strong fact-based research.
Joe and Sal even co-wrote a fascinating book, Broken Markets: How High Frequency Trading and Predatory Practices on Wall Street are Destroying Investor Confidence and Your Portfolio, that reveals unsettling truths about how a small band of traders is making billions at the expense of everyday investors while putting the integrity of our markets at risk. Broken Markets received praise from Michael Lewis, author of the must-read book Flash Boys, who said, “Arnuk and Saluzzi, the principals of Themis Trading, have done more than anyone to explain and publicize the predation in the new stock market.”
Joe and Sal are also co-authors of a blog that outlines the issues in an extremely accessible way, an important read for anyone looking for the facts about our financial markets without any spin from the industry. They cover a wide range of topics highlighting the fragility of the markets. You can read the blog here, and listen to a recent Bloomberg interview with Mr. Saluzzi here.