Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market
In Dark Pools, Scott Patterson investigates the rise of high-frequency trading and the secretive dark pools that power it. He reveals how machine traders have rigged the U.S. stock market, executing massive volumes in hidden venues that bypass traditional exchanges. This eye-opening account exposes the technological revolution reshaping Wall Street and its consequences for everyday investors.
About This Book
Dark Pools explores the evolution of machine trading and its impact on the financial landscape. The book delves into the mechanisms of high-frequency trading firms that operate in secretive electronic exchanges known as dark pools.
Scott Patterson examines how these systems have gained dominance, executing trades away from public view and influencing stock prices with algorithmic precision.
The narrative highlights the shift from traditional stock exchanges to a machine-dominated environment, raising questions about market fairness and transparency.
Through investigative reporting, the book illustrates the technological innovations driving this change and their broader implications for investors and the economy.
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