Michael Lewis, author of Flash Boys: A Wall Street Revolt, speaks during a Bloomberg Television interview in New York, on Wednesday, where he discussed high-frequency trading and the structure of the US equity market with Brad Katsuyama, chief executive officer of IEX Group Inc. Photograph: Chris Goodney/Bloomberg

To explain claims of stock market rigging in the latest scandal to rock Wall Street, one US television news network resorted to a rather crude (...)