• $13.99

Publisher 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 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.

GENRE
Business & Personal Finance
RELEASED
2013
June 25
LANGUAGE
EN
English
LENGTH
384
Pages
PUBLISHER
The Crown Publishing Group
SELLER
Penguin Random House LLC
SIZE
8.1
MB

Customer Reviews

RR3121 ,

Very good book

I highly recommend this book. Very informative and a topic that everyone should be concerned with. My only gripe is a personal preference - wish there was only one time line rather than going back in time to give history of each subject or person. Everyone should read this book, especially our elected representatives.

BPGAG ,

COO

Excellent read. Highly recommend!

parasingularity ,

Awesome

Great book. A real eye opener. Technological evolution as seen by someone with a front row seat. A fascinating peek also into the possible future of it all. The stock market was rigged 50 years ago and it is still rigged but in a different way. But one can still make money. Just make sure we all go short the markets the next four years.

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