Dark Pools
The rise of A.I. trading machines and the looming threat to Wall Street
1st Edition
Published on 17. July 2012
368 pages
978-1-4481-3696-4 (ISBN)
Description
Dark Pools is the pacy, revealing, and profoundly chilling tale of how global markets have been hijacked by trading robots - many so self-directed that humans can't predict what they'll do next.It's the story of the blisteringly intelligent computer programmers behind the rise of these 'bots'. And it's a timely warning that as artificial intelligence gradually takes over, we could be on the verge of global meltdown.
'Scott Patterson has the ability to see things you and I don't notice.' Nassim Nicholas Taleb, New York Times bestselling author of Antifragile, Fooled by Randomness and The Black Swan
'Scott Patterson has the ability to see things you and I don't notice.' Nassim Nicholas Taleb, New York Times bestselling author of Antifragile, Fooled by Randomness and The Black Swan
Reviews / Votes
An invaluable piece of timely journalism that should be read by regulators and anyone with a cent in the stock market. * Financial Times * [A] gripping, excellent expose * PQ Magazine * A great read ... and raises an important question: could the trading machines destroy the capital markets? * Reuters UK * As an exposition of Wall Street nerdcraft, Dark Pools truly delivers ... Patterson's tales of ingenuity and cunning read like a spy novel * Sunday Business Post * Financial journalist Scott Patterson looks at the real world of AI trading machines and crafts a story equally as riveting * British Airways Life Magazine * Journalistic in style, nice scary ending ... Any serious CFO, CIO, Chancellor, market regulator or investor should read this * BookGeeks * Gruelling and terrifying, Patterson questions the future of the human inquisitive mind * European CEO * A fascinating and completely terrifying tale ... It is a terrific read, both for a history of high frequency trading well told, and for a different kind of perspective on what's gone so wrong with finance. If you really want to scare yourself, pair it with Robert Harris' The Fear Index * Enlightenmenteconomics.com *More details
Language
English
Place of publication
London
United Kingdom
Publishing group
Cornerstone
Target group
Professional and scholarly
College/higher education
File size
1,64 MB
ISBN-13
978-1-4481-3696-4 (9781448136964)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Book
07/2013
Random House Business Books
€16.50
Shipment within 3-4 weeks
Person
Scott Patterson worked for several years as a financial reporter at the Wall Street Journal. He lives in New York. His previous book The Quants (Random House Business, 2009) was a New York Times and Wall Street Journal bestseller.
