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Dark Pools : The Rise of the Machine Traders and the Rigging of the U. S. Stock Market by Scott Patterson (2012, Hardcover)

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Product Identifiers

PublisherCrown Publishing Group, T.H.E.
ISBN-100307887170
ISBN-139780307887177
eBay Product ID (ePID)111008768

Product Key Features

Book TitleDark Pools : the Rise of the Machine Traders and the Rigging of the U. S. Stock Market
Number of Pages368 Pages
LanguageEnglish
TopicE-Commerce / Online Trading, General
Publication Year2012
GenreBusiness & Economics
AuthorScott Patterson
FormatHardcover

Dimensions

Item Height1.2 in
Item Weight21 Oz
Item Length9.5 in
Item Width6.5 in

Additional Product Features

Intended AudienceTrade
LCCN2012-003096
Reviews"An engaging narrative… DARK POOLS is easily the most entertaining and accessible book to cover the new world of stock trading ." --Fortune "An education in how markets work, packaged in a thriller worthy of Michael Crichton…. Dark Pools is one of those rare books that is a great summer beach read and a useful trading manual." --Minyanville.com "Very enjoyable….a good story of how innovators destroy the old guard." --BusinessInsider.com " Dark Pools relays an epic tangle of hacktivists, old-school floor exchanges and traders all wrestling to game the machines… The stories engage from chapter to chapter, bringing the reader from the outside in." --Seeking Alpha " An entertaining account of the key battles in the "algo wars" and the colorful math geeks who fight them -some of whom are now fighting to rein in the monsters they created. Dark Pools is an alarming account." --Canadian Business " Dark Pools is a must read for all serious investors. Patterson's methodically researchedbook exposes the core problems in today's securities market…His findings should serve as a blueprint for the SEC." --Blair Hull, founder of Hull Trading and Ketchum Trading, "Far more comprehensive and persuasive [than even Michael Lewis' Flashboys ]." --James Stewart, New York Times Book Review  "An excellent history of the early electronic traders" - Michael Lewis "Scott Patterson's Dark Pools is about the most important financial issue no one talks about--how high-frequency traders have rigged the market." --Mark Cuban "Remarkable...even long-time participants in electronic markets will learn a lot from this book." --Forbes   "Richly reported...an invaluable piece of timely journalism that should be read by regulators and anyone with a cent in the stock market...You will never look at the opening bell in the same way." --Financial Times "An engaging narrative... DARK POOLS is easily the most entertaining and accessible book to cover the new world of stock trading ." --Fortune   "An education in how markets work, packaged in a thriller worthy of Michael Crichton.... Dark Pools is one of those rare books that is a great summer beach read and a useful trading manual." --Minyanville.com   "Very enjoyable....a good story of how innovators destroy the old guard." --BusinessInsider.com   " Dark Pools relays an epic tangle of hacktivists, old-school floor exchanges and traders - all wrestling to game the machines... The stories engage from chapter to chapter, bringing the reader from the outside in." --Seeking Alpha " An entertaining account of the key battles in the "algo wars" and the colorful math geeks who fight them --some of whom are now fighting to rein in the monsters they created. Dark Pools is an alarming account." --Canadian Business " Dark Pools is a must read for all serious investors.  Patterson's methodically researched book exposes the core problems in today's securities market...His findings should serve as a blueprint for the SEC." --Blair Hull, founder of Hull Trading and Ketchum Trading , "Very enjoyable….a good story of how innovators destroy the old guard." --BusinessInsider.com " Dark Pools is a must read for all serious investors. Patterson's methodically researched book exposes the core problems in today's securities market, and examines how misguided regulatory shifts and an ever-increasing "need for speed" in the trading world have created a more fragile marketplace--one that has left many classes of investors on a critically uneven playing field. Accurate and insightful, Patterson's findings should serve as a blueprint for the SEC, members of Congress and all other regulators who are serious about achieving true market stability, fairness and reform." -Blair Hull, founder of Hull Trading and Ketchum Trading "In 1945, the average length of time an investor held a stock was four years. By 2000, it was eight months; in 2008, two months. The average today is 22 seconds and dropping. Wall Street Journal reporter Scott Patterson's Dark Pools deploys many such eyebrow-raising stats as it charts the rise of high-frequency trading…. An entertaining account of the key battles in the "algo wars" and the colorful math geeks who fight them -some of whom are now fighting to rein in the monsters they created. Dark Pools is an alarming account of a market rapidly slipping out of human control, and a slow-witted regulatory regime unable to keep up." Canadian Business, "Remarkable…even long-time participants in electronic markets will learn a lot from this book." --Forbes "Richly reported…an invaluable piece of timely journalism that should be read by regulators and anyone with a cent in the stock market...You will never look at the opening bell in the same way." --Financial Times "An engaging narrative… DARK POOLS is easily the most entertaining and accessible book to cover the new world of stock trading ." --Fortune "An education in how markets work, packaged in a thriller worthy of Michael Crichton…. Dark Pools is one of those rare books that is a great summer beach read and a useful trading manual." --Minyanville.com "Very enjoyable….a good story of how innovators destroy the old guard." --BusinessInsider.com " Dark Pools relays an epic tangle of hacktivists, old-school floor exchanges and traders all wrestling to game the machines… The stories engage from chapter to chapter, bringing the reader from the outside in." --Seeking Alpha " An entertaining account of the key battles in the "algo wars" and the colorful math geeks who fight them -some of whom are now fighting to rein in the monsters they created. Dark Pools is an alarming account." --Canadian Business " Dark Pools is a must read for all serious investors. Patterson's methodically researchedbook exposes the core problems in today's securities market…His findings should serve as a blueprint for the SEC." --Blair Hull, founder of Hull Trading and Ketchum Trading, " Dark Pools is a must read for all serious investors.  Patterson's methodically researched book exposes the core problems in today's securities market, and examines how misguided regulatory shifts and an ever-increasing "need for speed" in the trading world have created a more fragile marketplace--one that has left many classes of investors on a critically uneven playing field.   Accurate and insightful, Patterson's findings should serve as a blueprint for the SEC, members of Congress and all other regulators who are serious about achieving true market stability, fairness and reform."  -Blair Hull, founder of Hull Trading and Ketchum Trading , "Scott Patterson's Dark Pools is about the most important financial issue no one talks about--how high-frequency traders have rigged the market." --Mark Cuban "Remarkable...even long-time participants in electronic markets will learn a lot from this book." --Forbes   "Richly reported...an invaluable piece of timely journalism that should be read by regulators and anyone with a cent in the stock market...You will never look at the opening bell in the same way." --Financial Times "An engaging narrative... DARK POOLS is easily the most entertaining and accessible book to cover the new world of stock trading ." --Fortune   "An education in how markets work, packaged in a thriller worthy of Michael Crichton.... Dark Pools is one of those rare books that is a great summer beach read and a useful trading manual." --Minyanville.com   "Very enjoyable....a good story of how innovators destroy the old guard." --BusinessInsider.com   " Dark Pools relays an epic tangle of hacktivists, old-school floor exchanges and traders - all wrestling to game the machines... The stories engage from chapter to chapter, bringing the reader from the outside in." --Seeking Alpha " An entertaining account of the key battles in the "algo wars" and the colorful math geeks who fight them --some of whom are now fighting to rein in the monsters they created. Dark Pools is an alarming account." --Canadian Business " Dark Pools is a must read for all serious investors.  Patterson's methodically researched book exposes the core problems in today's securities market...His findings should serve as a blueprint for the SEC." --Blair Hull, founder of Hull Trading and Ketchum Trading , "Scott Patterson's Dark Pools is about the most important financial issue no one talks about-how high-frequency traders have rigged the market." --Mark Cuban "Remarkable…even long-time participants in electronic markets will learn a lot from this book." --Forbes "Richly reported…an invaluable piece of timely journalism that should be read by regulators and anyone with a cent in the stock market...You will never look at the opening bell in the same way." --Financial Times "An engaging narrative… DARK POOLS is easily the most entertaining and accessible book to cover the new world of stock trading ." --Fortune "An education in how markets work, packaged in a thriller worthy of Michael Crichton…. Dark Pools is one of those rare books that is a great summer beach read and a useful trading manual." --Minyanville.com "Very enjoyable….a good story of how innovators destroy the old guard." --BusinessInsider.com " Dark Pools relays an epic tangle of hacktivists, old-school floor exchanges and traders all wrestling to game the machines… The stories engage from chapter to chapter, bringing the reader from the outside in." --Seeking Alpha " An entertaining account of the key battles in the "algo wars" and the colorful math geeks who fight them -some of whom are now fighting to rein in the monsters they created. Dark Pools is an alarming account." --Canadian Business " Dark Pools is a must read for all serious investors. Patterson's methodically researchedbook exposes the core problems in today's securities market…His findings should serve as a blueprint for the SEC." --Blair Hull, founder of Hull Trading and Ketchum Trading From the Hardcover edition.
Dewey Edition23
Dewey Decimal332.640973
SynopsisA 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.
LC Classification NumberHG4515.95.P284 2012

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Relevanteste Rezensionen

  • Secrets of Wall Street

    Little do most of us realize about what lies at the heart of Wall Street - it is not a simple or fair marketplace where investors can go to buy or sell interests in companies. It has been subverted by the big banks and brokerage firms in ways that put their profit interests first, even before their own customers and investors. This is seen in the presence of two things - dark pools, where stock trades take place out of public view or even reporting; and high-frequency trading, where computers do what stock brokers used to do, only in nanoseconds, effectively rigging the price that ordinary folks like us pay for stocks. Dark pools are the subject of this book. High-frequency trading is the subject of another book Flash Boys, which should be a companion read. Everyone who has any money tied up in the stock market should read both books - I have read Flash Boys twice now, and figure I need to read it another three times to get the issue firmly understood. Dark Pools is the same.

    Bestätigter Kauf: JaArtikelzustand: Neu

  • Know what I need to make improvement on myself

    Know the details and understand them all. Know myself and make the improvements. Use it as a mirror to encourage myself.

    Bestätigter Kauf: JaArtikelzustand: Gebraucht

  • Is a novel, not investment book

    Bestätigter Kauf: JaArtikelzustand: Gebraucht