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

Review : Must Read
As an insider in the world of electronic trading, I thought Scott Patterson did a great job in turning a highly complex subject into an easy-to-read and compelling narrative. As investor confidence continues to wane, it will further fuel the already heated discussion on the fairness of the market for every day investors. He didn't hit all the major conflicts that are present in the electronic trading industry, but those will hopefully make for a good sequel to his book. After reading thousands of pieces on the topic of market structure, this book stands out among the very best. Most literature on the subject falls into the trap of being too academic (and falling short of explaining the true nuances of market structure) or too biased (from both the HFT and anti-HFT camps).

In anticipation of those who will be critical of the author for missing some key pieces of information or misrepresenting a particular subject, readers need to realize that this is an industry that is...

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ASIN : 0307887189

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 t...




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brand: Crown Business

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Rating : 4.2

Review : randomreview