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Engaging story with real names stated. truely enjoy it earlier than bed or just for fun. expect in most cases a historical evaluation how the markets became digital and how excessive frequency buyers took over. you will examine approximately the embrionic degrees of the front going for walks and excessive frequency trading and that the early goal of higher marketplace performance created probable less efficiency.
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 out-maneuver the humans who’ve created them.
Inside the beginning become Josh Levine, an idealistic programming genius who dreamed of wresting manipulate of the market from the big exchanges that, over and over, gave the giant establishments an advantage over the little man. Levine created a computerized trading hub named Island wherein small buyers swapped shares, and over time his invention morphed into a international electronic inventory market that sent trillions in capital thru a significant jungle of fiber-optic cables.
Through then, the marketplace that Levine had sought to restore had became upside down, birthing secretive exchanges called darkish swimming pools and a new species of buying and selling machines that could assume, and that regarded, ominously, to be slipping the manage in their human masters. Darkish swimming pools is the fascinating tale of ways international markets were hijacked by means of buying and selling robots–many so self-directed that people can not are expecting what they will do subsequent.
Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market Information
- File Size: 4838 KB ( Download PDF : )
- Language: English
- Publisher: Crown Business; Reprint edition (June 12, 2012)
- ASIN: B006OFHLG6
- Author : Scott Patterson
- Print Length: 370 pages
- Publication Date: June 12, 2012
About the Author
Scott Patterson is author of the New York Times best-selling book The Quants and a staff reporter for The Wall Street Journal, where he writes about the government’s regulation of the financial industry. His work has also appeared in the New York Times, Rolling Stone and Mother Earth News. He has a masters of arts degree from James Madison University. He lives in Alexandria, Virginia.