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Dark Pools offers a riveting, behind-the-scenes account of the hidden battles taking place within the global stock market. The book unfolds the rise of ‘bots’, artificially intelligent systems that execute trades within milliseconds, out-maneuvering their human creators under the veil of anonymity.
At the heart of the tale is Josh Levine, an idealistic tech genius who dreamt of wresting control from the big exchanges, which repeatedly favored the financial Goliaths over the individual Davids. Levine’s brainchild, a computerized trading hub named Island, began as a haven for small traders to exchange stocks. Over time, this humble creation evolved into a colossal electronic stock market, channeling trillions in capital through an intricate web of fiber-optic cables.
However, the market that Levine aimed to democratize had ironically inverted. It birthed mysterious exchanges known as dark pools and a new breed of self-thinking trading machines. These machines, ominously, seemed to be eluding the grasp of their human masters.
Dark Pools captures the captivating narrative of how trading robots have commandeered global markets, with many acting so autonomously that their next move is unpredictable to humans. This book is a must-read for anyone intrigued by the intersection of technology, finance, and the unforeseen consequences of artificial intelligence.