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Dark Pools

Dark Pools

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

by Scott Patterson
Publication Date: 12/06/2012

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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.
ISBN:
9780307887177
9780307887177
Category:
Economics
Publication Date:
12-06-2012
Language:
English
Publisher:
Crown Publishing Group
Country of origin:
United States
Dimensions (mm):
242.06x165.86x30.99mm
Weight:
0.6kg
Scott Patterson

Scott Patterson is a director and filmmaker based in Australia.

He has worked extensively across film, television, advertising and the theatre in his 30-year career.

A keen oarsman himself, his documentary about the Royal Henley Peace Regatta will be released in 2019.

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