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Dark Pools

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

Dark Pools by Scott Patterson
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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.
The Crown Publishing Group; June 2012
ISBN 9780307887191
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Title: Dark Pools
Author: Scott Patterson
 
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Book Review: 'Dark Pools' By Scott Patterson - Seeking Alpha
Sat, 14 Jul 2012 09:28:28 -0700
Book Review: 'Dark Pools' By Scott PattersonSeeking AlphaDark Pools is a page-turning, fascinating account of how ...
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Tue, 29 Mar 2016 14:49:31 -0700
CALIFORNIAWorld's Smartest Billionaire: James H. Simons is Cal Alumnus of the Year for 2016CALIFORNIAIn Wall Street Journal ...
Is the Stock Market Rigged? (Excerpt) - Huffington Post
Wed, 27 Jun 2012 12:49:29 -0700
Is the Stock Market Rigged? (Excerpt)Huffington PostIn a scene described in Scott Patterson's new book Dark Pools: ...
ISBNs
0307887197
9780307887184
9780307887191