Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market by Patterson, Scott

Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market

A news-breaking account of the global stock market's subterranean battles, Dark Pools portrays the rise of the...
¥4,875 JPY
¥4,875 JPY
SKU: 9780307887184
Product Type: Books
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Author: Scott Patterson
Format: Paperback
Language: English
Subtotal: ¥4,875
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Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market by Patterson, Scott

Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market

¥4,875

Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market

¥4,875
Author: Scott Patterson
Format: Paperback
Language: English
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.

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.

Dark Pools is the fascinating story of how global markets have been hijacked by trading robots--many so self-directed that humans can't predict what they'll do next.

Author: Scott Patterson
Publisher: Currency
Published: 06/25/2013
Pages: 384
Binding Type: Paperback
Weight: 0.66lbs
Size: 8.00h x 5.20w x 0.84d
ISBN: 9780307887184

About the Author
SCOTT PATTERSON is a staff reporter at the Wall Street Journal, covering financial regulation from the nation's capital.

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