Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market
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Exposing high-speed trading's impact on stock markets.
For the inquisitive mind intrigued by behind-the-scenes financial machinations, "Dark Pools" is a must-read. It's not just a technical deep-dive, but a narrative thriller that unveils how the geniuses who aimed to democratize the stock market with technology inadvertently spawned uncontrollable trading monsters. This book offers you a front-row seat to the digital transformation of Wall Street and the ethical quandaries it presents.
Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market
Regular price
- Unit price
- / per
ISBN: 9780307887184
Authors:
Scott Patterson
Publisher: Crown Currency
Date of Publication: 2013-06-25
Format: Paperback
Goodreads rating: 4.09
(rated by 3809 readers)
Description
A news-breaking account of the global stock market's subterranean battles, Dark Pools portrays the rise of the "bots" - artificially intelligent systems that execute trades in milliseconds and use the cover of darkness to outmaneuver the humans who've created them. In the beginning was Josh Levine, an idealistic programming genius who dreamed of wresting control of the market from the big exchanges that, again and again, gave the giant institutions an advantage over the little guy. Levine created a computerized trading hub named Island where small traders swapped stocks, and over time his invention morphed into a global electronic stock market that sent trillions in capital through a vast jungle of fiber-optic cables. By then, the market that Levine had sought to fix had turned upside down, birthing secretive exchanges called dark pools and a new species of trading machines that could think, and that seemed, ominously, to be slipping the control of their human masters.
Condition guide
Book Condition Guide
Books in Like New Condition
This book may contain very minor cosmetic defects, but it is in pristine condition. There should be no yellowing, no foxing, no water damage, and no annotations of any kind on the cover and the pages. For paperbacks, there should not be any crease marks on the spine. This book is good as new — lucky you!
*Books may be missing bundle media (e.g. CD, e-book code), if included.
Books in Very Good Condition
This book has been used, but it is still in a clean condition. There should be no foxing or annotations of any kind on the inner pages, but a sparse amount may be present on the cover, title pages, or outside edges of the book. There should be no water damage of any kind. For paperbacks, there may be light crease marks on the spine.
*Books may be missing bundle media (e.g. CD, e-book code), if included.
Books in Good Condition
We do our best to ensure the quality of our books, but there is no escaping the wear and tear that comes with time. Slight foxing and some annotations may be present on the pages and the cover. There should be no water damage of any kind. For paperbacks, there may be several crease marks on the spine.
*Books may be missing bundle media (e.g. CD, e-book code), if included.
Books in Well Read Condition
This is a well-read book, which means that the previous owner probably really enjoyed it! The cover and pages may include moderate foxing and annotations, but the text is not obscured and still readable. Moderate cosmetic defects and minor water damage may be present on the edges of the book. For paperbacks, there may be multiple crease marks on the spine.
*Books may be missing bundle media (e.g. CD, e-book code), if included.
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Exposing high-speed trading's impact on stock markets.
For the inquisitive mind intrigued by behind-the-scenes financial machinations, "Dark Pools" is a must-read. It's not just a technical deep-dive, but a narrative thriller that unveils how the geniuses who aimed to democratize the stock market with technology inadvertently spawned uncontrollable trading monsters. This book offers you a front-row seat to the digital transformation of Wall Street and the ethical quandaries it presents.
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