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


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#209646 in eBooks 2012-06-12 2012-06-12File Name: B006OFHLG62 of 2 people found the following review helpful. Excellent Assessment of what HFT has become.By Dennis NorenAlthough I am no expert in the stock market and the Wall Street environment, I have read quite a bit, and appreciate clear and fair assessments of what has happened and is happening. Scott Patterson seems to have provided an excellent, detailed description of how high frequency trading has developed. He mentions its positive aspects, and how it has also morphed into directions that hurt"Far more comprehensive and persuasive [than even Michael Lewis' Flashboys]." --James Stewart, New York Times Book nbsp;"An excellent history of the early electronic traders" - Michael Lewisldquo;Scott Pattersonrsquo;s Dark Pools is about the most important financial issue no one talks aboutmdash;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...

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