Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market Audiobook
Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market Audiobook
- Byron Wagner
- Random House (Audio)
- 2012-06-12
- 11 h 39 min
Summary:
A news-breaking account of the global stock market’s subterranean fights, Dark Pools portrays the rise of the ‘bots’- artificially intelligent systems that execute investments in milliseconds and use the cover of darkness to out-maneuver the human beings who’ve created them.
Initially was Josh Levine, an idealistic encoding genius who imagined wresting control of the market in the big exchanges that, again and again, gave the giant institutions an advantage over the little guy. Levine about Dark Swimming pools: The Rise of the Machine Traders as well as the Rigging from the U.S. Stock Market developed a computerized trading hub named Island where little traders swapped shares, and over time his invention morphed right into a global digital stock market that sent trillions in capital through a vast jungle of fiber-optic cables.
By then, the market that Levine had sought to repair had turned upside down, birthing secretive exchanges called dark swimming pools and a new varieties of trading machines that could think, which seemed, ominously, to be slipping the control of their human being masters.
Dark Pools may be the interesting story of how global markets have already been hijacked by trading robots–many so self-directed that human beings can’t predict what they’ll do next.